Alex Thorn, head of corporate research at Galaxy Digital, said the US government is likely to form a highly anticipated strategic Bitcoin reserve by the end of this year.
However, other industry executives are not confident.
“I think it’s likely that the US government will establish a Strategic Bitcoin Reserve (SBR) this year and officially announce that it holds BTC as a strategic asset,” Thorne said in an X post on Thursday.
“The market appears to be making the likelihood of such an announcement completely low,” added Thorne.
Some developments suggest that the plans are moving forward
President Trump signed the executive order by officially establishing a Strategic Bitcoin (BTC) Reserve and US Digital Asset Stockpiling in March, but no formal strategic plans have been confirmed.
sauce: Alex Thorne
However, some recent developments suggest that plans are still in progress. On Tuesday, U.S. lawmakers introduced a bill that directed the U.S. Treasury to examine and prepare reports on the feasibility and technical considerations of strategic Bitcoin reserves.
Meanwhile, on July 31, Cointelegraph reported that Trump’s cryptographic communications confirmed that the administration is still keen on strategic Bitcoin reserves, despite brief mentions in a recently published cryptographic policy report.
However, not all crypto market participants agree that it will happen soon. Dave Weisburger, former chairman of Coinroutes, said it is likely to happen in 2026.
Some bitcoiners fear that US stalls can push them back
Wiseberger added, “This administration has pointed out many times that it cannot be announced too wisely until it accumulates on its first target.”
Some prominent Bitcoin supporters are worried that delaying the accumulation of Bitcoin could delay the US.
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Jan3 founder Samson Mow told the magazine in June that the US “has to start” by risking it would acquire Bitcoin this year or beat other countries. “The risk is that the US is at the forefront by Pakistan,” he said.
On Wednesday, Kyrgyzstan, a key emerging player in the Central Asian crypto market, advanced a bill to establish the state’s cryptocurrency reserve.
Meanwhile, on August 6, Bitcoin Indonesia, Indonesia’s Bitcoin advocacy group, recently met with Indonesian officials to discuss how the strategy can drive the country’s economic growth.
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