news 
US Government Won’t Buy Bitcoin in 2025 but Will Explore Reserve Policy, Says Galaxy Research
According to a recent report by Galaxy Digital’s head of research, Alex Thorn, the United States government has decided not to purchase any additional Bitcoin in the upcoming year. Instead, Thorn stated that the administration will focus on safeguarding its current Bitcoin reserves.
The revelation comes as no surprise, given the country’s stance on cryptocurrency in the past. However, what’s more interesting is the US government’s willingness to explore a national Bitcoin reserve policy. This newfound attention on the matter suggests that governments worldwide are beginning to take notice of the growing influence of cryptocurrencies like Bitcoin.
As of now, the US government holds approximately 183,850 Bitcoins, which were obtained through various means including the seizure of cryptocurrency assets tied to illegal activities and the auctioning off of previously mined coins. The country’s current strategy is centered around maintaining its existing reserves, rather than engaging in any fresh purchases.
It’s not entirely clear what this new exploration of a national Bitcoin reserve policy entails, but it could potentially pave the way for future governments to consider cryptocurrency as an asset class worthy of investment. This move may also set a precedent for other countries to follow suit.
The US government’s decision not to purchase more Bitcoin in 2025 could be seen as a calculated risk, considering the market’s volatility and the current bearish trend that has characterized it throughout the year. By choosing to hold its existing reserves, the administration may be attempting to play it safe and avoid taking on any unnecessary risks.
In related news, the crypto community is abuzz with discussions surrounding potential investment opportunities in the coming year. While some experts are touting this as a chance for altcoins to take center stage, others believe that Bitcoin’s dominance will continue to grow in 2025.
As the world of cryptocurrency continues to evolve at breakneck speeds, it remains to be seen how governments and institutions will adapt to these changes. One thing is certain – with the US government’s newfound focus on a national Bitcoin reserve policy, it’s clear that regulators are paying closer attention to the crypto space than ever before.
Stay ahead of the curve by following our coverage of the latest cryptocurrency news, trends, and insights from across the globe.
Source: cryptonewsland.com
