US Bitcoin Reserve Strategy: Waiting for Global Moves

Recent insights from the cryptocurrency sector suggest that the United States may hesitate to acquire Bitcoin until there is significant action from other nations. Mike Alfred, a prominent crypto entrepreneur, indicated that the US government is likely to intervene only when faced with substantial external pressure.

This perspective positions the US as a reactive player in the global crypto landscape, with the timeline for any potential purchases remaining uncertain.

Alfred believes that if Bitcoin prices continue to rise, a broader trend could emerge among nations. He shared with his audience a bold prediction that Bitcoin could soar to $1 million by 2033, suggesting that by that time, a majority of countries will have some form of Bitcoin holdings, whether directly or through associated investments.

In contrast, notable industry figures like Michael Saylor, chairman of Strategy, and Coinbase CEO Brian Armstrong, have posited that Bitcoin could achieve seven-figure valuations as early as 2030 or 2035. These optimistic projections are fueling calls from various stakeholders in the industry for governments to take proactive measures sooner rather than later.

In March, former President Donald Trump signed an executive order aimed at establishing a Strategic Bitcoin Reserve. This directive emphasized the need for budget-neutral methods to create this reserve, yet a comprehensive plan has yet to be put into action.

Alex Thorn, an analyst at Galaxy Digital, recently suggested that there is a “strong chance” the US will officially declare its Bitcoin holdings as a strategic asset in the near future. However, to date, no official announcements or confirmed holdings have surfaced. While the proposal exists on paper, tangible actions remain elusive.

yes, i mean the U.S. government announcing, not bessent’s offhand comment on tv

that comment gave us hints of where they think the size of the reserve stands but is not a formal announcement of the SBR https://t.co/ADxguLJ8vH

— Alex Thorn (@intangiblecoins) September 11, 2025

Some experts within the industry caution that delaying Bitcoin acquisition poses significant risks. Samson Mow, founder of Jan3, cautioned that the US must begin purchasing Bitcoin promptly to avoid being outpaced by other countries, including Pakistan, which has plans to procure its own Bitcoin reserves.

Alfred also pointed out that widespread formal acknowledgment of Bitcoin by the US government seemed unlikely prior to the executive order issued in March. Many within the crypto community perceive a growing competition among nations to secure Bitcoin, with international pressures potentially influencing US policymakers’ decisions.

Despite recent fluctuations in price, institutional interest in Bitcoin continues to grow. Currently, Bitcoin's value has dipped below $95,000, yet institutional activity is on the upswing.

A significant US digital trading platform and a chartered bank have initiated cryptocurrency trading services aimed at institutional clients. Additionally, the derivatives division of the Singapore Exchange is set to introduce perpetual futures, indicating a growing institutional appetite for crypto assets.

Recent policy adjustments have also led to the launch of new crypto exchange-traded products, further broadening access to cryptocurrency investments. These developments illustrate that firms are actively constructing the necessary infrastructure and services, even amid price volatility.

Moreover, supply concentration within the market is becoming increasingly apparent, with corporations controlling approximately 14% of Bitcoin's total supply of 21 million coins.