US Government Explores Strategic Bitcoin Reserve
Industry experts suggest the United States may be close to announcing a Strategic Bitcoin Reserve (SBR). Alex Thorn of Galaxy Digital anticipates a formal announcement by year-end, citing strong indications despite some differing timelines.
Recent actions include a bill directing the Treasury to study SBR feasibility and reaffirmed administration interest. Concerns arise that delays could lead to other nations, like Pakistan or Kyrgyzstan, accumulating Bitcoin first. International interest in state-backed reserves adds urgency to the US's decision-making process.