"U.S. will only begin to actively stockpile Bitcoin after other countries move first"

The U.S. government is unlikely to immediately begin purchases of Bitcoin (BTC) for strategic stockpiling, and analysts say it will only ramp up once preemptive actions by other countries create sufficient pressure.

According to crypto-focused media Cointelegraph on the 19th, crypto investment firm operator Mike Alfred recently said on a podcast that "although a strategic Bitcoin reserve plan was announced earlier this year, actual purchases will begin when external pressure becomes large enough." He explained that "the catalyst will be the point at which the U.S. government judges that other countries have begun accumulating first," but the exact timing is uncertain.

Alfred forecast that Bitcoin could reach $1 million per coin around 2033. He said, "By then, most governments will be exposed to Bitcoin directly or indirectly," and "the trend toward being treated as a strategic reserve asset will take hold."

Earlier, the U.S. announced a plan to build a 'Strategic Bitcoin Reserve' through President Trump's executive order last March. However, the reserve system has not yet officially launched. Alex Sohn, an analyst at Galaxy Digital, said in September that "the U.S. could formalize Bitcoin reserve holdings sometime this year."

Meanwhile, some have raised concerns that if the U.S. delays purchases, it could fall behind other countries. Samson Mow of Jan3, a global Bitcoin advocate, pointed out that "if the U.S. does not start accumulating Bitcoin this year, it may lose the opportunity to get ahead of countries preparing, such as Pakistan."