Strategic Bitcoin Reserve Likely to Form by Year-End
According to Alex Thorn, head of firmwide research at Galaxy Digital, there is a strong possibility that the United States government will establish the highly awaited Strategic Bitcoin Reserve by the end of this year.
Nonetheless, some other industry leaders are not as optimistic.
In an X post on Thursday, Thorn stated, “I still think there’s a strong chance the US government will announce this year that it has formed the strategic Bitcoin reserve (SBR) and is formally holding BTC as a strategic asset.”
Thorn also noted, “Market seems to be completely underpricing the likelihood of such an announcement.”
While US President Trump signed the executive order to create the Strategic Bitcoin (BTC) Reserve and US Digital Asset Stockpile in March, a definitive strategic plan has yet to be confirmed.
That said, various recent developments indicate that the initiative is still moving forward. On Tuesday, US lawmakers introduced a bill directing the US Treasury to evaluate and create a report on the feasibility and technical aspects of the Strategic Bitcoin Reserve.
Additionally, it’s reported on July 31 that Trump’s crypto liaison confirmed the administration remains interested in developing a strategic Bitcoin reserve, despite only briefly mentioning it in its recent crypto policy report.
However, not all crypto market participants believe it will materialize so soon. Dave Weisburger, former chairman of CoinRoutes, stated that it is more plausible for the reserve to come into effect in 2026.
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Weisburger remarked, “I have made the point many times that this administration is too smart to announce ANYTHING until AFTER they accumulate to their initial target.”
Some prominent advocates for Bitcoin express concerns that the US may lag behind if they postpone Bitcoin accumulation any longer.
Samson Mow, founder of Jan3, told Magazine in June that the US “has to start” acquiring Bitcoin this year to avoid being outpaced by other nations. “The risk is that the US is front-run by Pakistan,” he stated.
On Wednesday, Kyrgyzstan, an emerging player in Central Asia’s crypto market, moved forward with a bill to create a state cryptocurrency reserve.
Meanwhile, on Aug. 6, the Indonesian Bitcoin advocacy group, Bitcoin Indonesia, announced that they had recently met with Indonesian officials to explore how this strategy could stimulate economic growth in the country.
