Galaxy Digital analysts do not believe in the creation of a national Bitcoin reserve in the United States in 2025. Why?

The prospect of creating a national Bitcoin reserve has become one of the most important components of Donald Trump’s election campaign. It is possible that the newly elected US president will not rush with the initiative, but it will in any case affect the BTC rate.

As Blockware Solutions analysts noted the day before, the decision to accumulate bitcoins at the state level will ensure the growth of the cryptocurrency to at least 225 thousand dollars in this cycle. Well, the rejection of the initiative will end with the peak of Bitcoin during the current bull run at the mark of 150 thousand.

Will the US create a national crypto reserve?

According to Alex Thorne, head of research at Galaxy Digital, the US government will create a certain reserve of BTC, which is already effectively stored as confiscated coins. At the same time, the discussion of the initiative to create a reserve will continue in the foreseeable future. Here is a remark on this matter, which is given by Cointelegraph .

There will be a certain movement in ministries and departments towards studying an expanded policy for creating a reserve.

The U.S. government currently holds 183,850 BTC, worth about $17.36 billion. Wyoming Senator Cynthia Lummis’ proposed Bitcoin Act 2024, if passed, would allow the U.S. government to include BTC in its treasury as a reserve asset. In addition, the government would purchase 200,000 BTC annually for five years.

Galaxy analyst JW has stated that there is a prospect of adding BTC to balance sheets or sovereign funds for up to five companies from the Nasdaq 100 list and five countries. According to the expert, a tougher US position on Bitcoin adoption could well trigger a new race to conquer the crypto market. Here is his response.

Competition between states—especially non-aligned ones with large sovereign wealth funds and even those hostile to the United States—will encourage the adoption of strategies to mine or otherwise acquire Bitcoin.


However, the key feature of Bitcoin, in addition to the huge popularity of the cryptocurrency, is its limited supply. It will be 21 million coins, which will be completely mined by 2140. As of today, there are 19.8 million BTC in circulation, but due to halvings, the mining of the remaining crypto will stretch out for more than a hundred years.


Let’s remember that every 210 thousand blocks or approximately four years, the miners’ reward for each block decreases by 50 percent. Now they receive 3.125 BTC for each block, while until April 20, 2024, the figure was 6.25 bitcoins. And further emission rates will fall at exactly the same rate.

Earlier on December 26, 2024, Japanese Prime Minister Shigeru Ishiba said that he did not fully understand the strategy of countries like the United States regarding the creation of a new national crypto reserve. Meanwhile, former Binance CEO Changpeng Zhao noted that China will be one of the countries that will start working in this direction.

Meanwhile, the newly appointed presidential adviser on cryptocurrency and artificial intelligence, David Sachs, has just two years to push for crypto-friendly policies, until the 2026 US midterm elections, said Joe Doll, general counsel for NFT marketplace Magic Eden.

The threat of political paralysis could slow down the passage of new regulations, Doll said, but the administration should be able to push through measures to support the crypto industry while it controls both houses of Congress.

The Republican majority in the House is razor thin. It will probably change, as it almost always does. This could lead to a divided government, which would lead to gridlock and freezing of decisions in two years. We have 24 months to move something important forward.

Trump’s numerous appointments of cryptocurrency advocates to advisory positions and cabinet are seen as a positive step by the blockchain community, with the new administration promising to pass laws that encourage innovation and adoption of digital assets in general.

David Sachs’ appointment was met with approval from crypto industry leaders. After all, Sachs has been a vocal advocate for cryptocurrencies, technological innovation, and economic freedom for many years.

On December 4, 2024, President-elect Trump also nominated Paul Atkins to serve as Chairman of the Securities and Exchange Commission (SEC).

On December 22, the future president appointed Stephen Miranu as the chairman of the Council of Economic Advisers. Miranu’s selection as one of the top advisers was also welcomed by the crypto industry due to his stance in support of deregulation and technological progress.

The version of the Galaxy Digital experts is just a speculation about the future. Similarly, representatives of the blockchain industry have previously stated that Trump may recognize Bitcoin as an asset for accumulation by means of a corresponding decree on the first day of his next presidential term. As a result, it will be possible to find out about the real scenario of events in practice.