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COINTURK NEWS > Bitcoin (BTC) > The U.S. Government Plans to Focus on Managing Bitcoin Assets
Bitcoin (BTC)

The U.S. Government Plans to Focus on Managing Bitcoin Assets

In Brief

  • The U.S. government will not purchase Bitcoin in 2025.

  • Current reserve policies are under development to manage existing assets.

  • Global economic dynamics may shift as countries evaluate Bitcoin's strategic value.

İlayda Peker
İlayda Peker 5 months ago
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The U.S. government is not considering buying Bitcoin $104,875 in 2025. According to Galaxy Digital’s research division, the government will concentrate on managing its existing Bitcoin assets and developing reserve policies. Discussions regarding Bitcoin reserve strategies are ongoing.

Contents
Management of Current Bitcoin AssetsPerspectives on Bitcoin Reserve Policy

Management of Current Bitcoin Assets

Alex Thorn, head of Galaxy Research, stated that the U.S. government will focus on effectively managing its current holdings of 183,850 BTC. Thorn remarked, “The government will avoid purchasing Bitcoin but will continue to build reserves with its existing assets.”

This strategy aligns with efforts to shape a broader Bitcoin reserve policy. The proposed “Bitcoin Act 2024” legislation by Wyoming Senator Cynthia Lummis could authorize the Treasury Department to acquire 200,000 BTC annually. If approved, it could lead to the maintenance of a total reserve of 1 million BTC over two decades.

Perspectives on Bitcoin Reserve Policy

CryptoQuant CEO Ki Young Ju presents a more cautious view regarding the global implications of Bitcoin reserve policies. Young Ju expressed that a transition to a Bitcoin standard could weaken the global dominance of the U.S. dollar, leading to a loss of trust in the dollar-based system.

Conversely, some market observers view the U.S. approach positively. The potential for five Nasdaq 100 companies and several nations to add Bitcoin to their balance sheets is highlighted. However, Japanese Prime Minister Shigeru Ishiba has noted that the U.S. government’s ambiguous Bitcoin policies influence his country’s decisions.

The U.S. Bitcoin strategy may impact not only cryptocurrency markets but also global economic balances. This decision could guide other nations in considering Bitcoin as a strategic asset.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 30 December, 2024 - 10:14 am 30 December, 2024 - 10:14 am
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