Galaxy Digital: "U.S. Government Likely to Launch Strategic Bitcoin Reserve Within the Year"

There are expectations that the U.S. government is highly likely to officially launch a Strategic Bitcoin Reserve (Strategic Bitcoin Reserve·SBR) within the year. However, there are counterarguments within the industry that it is premature.

On the 13th, according to crypto-specialized media Cointelegraph, Alex Son, head of research at Galaxy Digital, said on X (formerly Twitter), "It is highly likely that the U.S. government will launch the Strategic Bitcoin Reserve within the year and announce that it will hold Bitcoin as a strategic asset." He added that the market is underestimating this possibility.

Earlier in March, President Trump signed an executive order to establish a Strategic Bitcoin Reserve and a digital asset reserve. However, concrete implementation plans have not yet been finalized. Recently, in the U.S. Congress, a bill was proposed requiring the Treasury Department to review the technical and policy feasibility of the Strategic Reserve and submit a report.

However, some in the industry believe a launch within the year is unlikely. Dave Weisberger, former chairman of CoinRoutes, said, "The current administration is likely to delay the announcement until it has accumulated as much Bitcoin as its initial target," projecting that the actual launch timing will be next year or later.

Additionally, some in the industry have raised concerns that U.S. delays could lead to falling behind in global competition. Samson Mow, founder of Jan3, pointed out in June, "If the U.S. does not start accumulating Bitcoin this year, other countries could secure a first-mover advantage," and warned, "There is even a risk that Pakistan could get ahead." In fact, Kyrgyzstan advanced a bill on the 11th to establish a state-owned cryptocurrency reserve fund, and Indonesia is reportedly discussing a Bitcoin reserve strategy.