The post US Government May Explore Expanded Bitcoin Reserve Policy in 2025, According to Galaxy Research appeared on BitcoinEthereumNews.com.

As discussions around Bitcoin’s future intensify, Galaxy Research anticipates significant explorations within US governmental frameworks by 2025. While no outright purchases are predicted, the US government aims to strategically manage its existing Bitcoin holdings valued at approximately $17.36 billion. “The US government will not purchase Bitcoin in 2025,” states Galaxy Research head Alex Thorn, indicating a focus on discussions surrounding a potential Bitcoin reserve policy. Explore the latest insights on Bitcoin reserve policies as Galaxy Research predicts US governmental developments and global implications for the cryptocurrency. US Government’s Exploration of Bitcoin Reserve Policies The future of Bitcoin in the United States remains a topic of intrigue. According to Thorn, “There will be some movement within the departments and agencies to examine an expanded Bitcoin reserve policy.” The emphasis here is not on acquiring new assets, but rather on utilizing the 183,850 BTC the government already possesses. This strategic focus may provide a framework for enhanced management and recognition of Bitcoin as a substantial asset class. Data from Spot on Chain indicates that the US government holds 183,850 BTC, reflecting a considerable financial stake in the cryptocurrency market. This stockpile’s management could set a precedent for other governmental bodies globally, particularly in how they perceive digital currencies within national monetary policies. Implications of Notable Bitcoin Reserve Acts Iliya Kalchev, a dispatch analyst at crypto lender Nexo, posits that the potential Bitcoin Reserve Act could symbolize a major turning point for Bitcoin recognition. He argues that such policy developments would validate Bitcoin as a legitimate global financial instrument. This perspective highlights the potential for Bitcoin to transition from its speculative roots into a recognized asset utilized by governments. Furthermore, other analysts have suggested that landmark policies related to Bitcoin could inspire both corporate and state actors to consider adding cryptocurrencies to their…

---

Filed under: News - @ December 28, 2024 2:13 am