US May Establish Strategic Bitcoin Reserve by Year-End

     

Galaxy Digital’s Alex Thorn says markets undervalue the likelihood, while skeptics warn of delays

The United States could unveil its long-discussed Strategic Bitcoin Reserve before the year ends, according to Galaxy Digital’s head of research, Alex Thorn. He argues that the market is “significantly underpricing” the chances of such an announcement.

“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 posted on X, stressing that the probability is being overlooked by investors.

Others in the industry remain doubtful, suggesting the timeline may stretch further.

Signs of progress despite lack of formal plan

President Trump signed an executive order in March to establish both the Strategic Bitcoin Reserve and the US Digital Asset Stockpile. However, a clear, finalized strategy has yet to be released.

Momentum continues to build, with lawmakers recently proposing a bill requiring the Treasury to evaluate the technical feasibility of the SBR. At the same time, Trump’s crypto liaison confirmed that the administration remains committed, even if its policy documents only briefly mention the initiative.

Still, not all market voices see 2024 as the year. Dave Weisburger, former chairman of CoinRoutes, predicts that any formal rollout is more likely in 2026.

Concerns that delays could put the US behind

Weisburger argued that Washington may intentionally stall, avoiding any official announcements until after reaching an initial accumulation target.

Some Bitcoin advocates fear hesitation could leave the US trailing global competitors. Samson Mow, founder of Jan3, warned earlier this year that the US “must begin” acquiring Bitcoin in 2024 or risk being outpaced by other nations.

That warning appears timely as Kyrgyzstan advances legislation to create a state-backed crypto reserve, while Bitcoin Indonesia recently met with government officials to push a similar strategy for national economic growth.