It is very likely that the American government will form the much -awaited Bitcoin Strategic Reserve by the end of this year, explains the chief of the Galaxy Digital research on a business scale, Alex Thorn.
However, other industry leaders are less confident.
“I still think that the American government is likely to announce this year that it has trained the Bitcoin Strategic Reserve (SBR) and officially holds BTC as a strategic asset,” Thorn said in an X Post on Thursday.
“The market seems to be completely underestimated the probability of such an ad,” added Thorn.
Several developments suggest that the plan goes ahead
While the American president Trump signed the executive decree officially establishing the Bitcoin Strategic Reserve (BTC) and the storage of American digital assets in March, a formalized strategic plan has not yet been confirmed.
However, several recent developments suggest that the plan is still progressing. On Tuesday, American legislators presented a bill ordering the US Treasury to examine and produce a report on the feasibility and technical considerations of the Bitcoin Strategic Reserve.
Meanwhile, on July 31, Cointelegraph reported that Trump’s Crypto’s liaison confirmed that the administration still wanted a Bitcoin strategic reserve, despite only mentioning it in its recently published cryptographic policy report.
However, not all the players in the cryptography market are not suitable for soon. Former CoinRoutes president Dave Weisburger said it was more likely to happen in 2026.
Some bitcoiners fear that the American timing will push them behind
Weisburger added that he had “argued the point several times that this administration is too intelligent to announce anything until they accumulate their initial target”.
Some eminent Bitcoin defenders fear that the United States will be delayed if it delays the accumulation of Bitcoin more.
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Jan3 founder Samson Mow told the magazine in June that the United States “had to start” to acquire Bitcoin this year, or risk other countries to beat them. “The risk is that the United States is led by Pakistan,” he said.
On Wednesday, Kyrgyzstan, an actor emerging key to the Central Asian cryptography market, advanced a bill to establish a reserve of state cryptocurrency.
Meanwhile, on August 6, the Indonesian group Bitcoin Advocate, Bitcoin Indonesia, said that they have recently met Indonesian officials to discuss how the strategy could stimulate economic growth in the country.
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