US Government and Galaxy Digital Outlook on Bitcoin's Strategic Role in National Reserves
by aria-crypto.com
December 28, 2024 at 08:38
US Government and Galaxy Digital Outlook on Bitcoin's Strategic Role in National Reserves
The US government, currently holding about 183,850 BTC worth $17.36 billion, is not planning major new Bitcoin purchases in 2025 despite proposals such as Senator Cynthia Lummis's Bitcoin Act, which suggests an aggressive accumulation strategy. Galaxy Digital's research, led by Alex Thorn, hints at potential internal movements to assess an expanded Bitcoin reserve policy but indicates no large-scale acquisitions for the near future. Galaxy Digital analysts also speculate on a global trend where up to five major Nasdaq 100 companies and some nation-states could begin adding Bitcoin to their balance sheets to enhance their financial strategies in response to global economic cues. Meanwhile, several US states like Ohio, Texas, and Pennsylvania are considering or have already started establishing their Bitcoin reserves, reflecting a growing interest at the state level. This shifting landscape suggests a cautious yet strategic approach to Bitcoin within various layers of government and corporate settings.
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