Will the US Form a Strategic Bitcoin Reserve? Alex Thorn Thinks So!

Is the US underestimating the importance of a Strategic Bitcoin Reserve? Galaxy Digital's Alex Thorn says the market is 'underpricing' the odds.

The buzz around a US Strategic Bitcoin Reserve (SBR) is heating up! Is Uncle Sam about to jump into the Bitcoin game? Let's dive into what's happening.

Alex Thorn's Bullish Stance

Galaxy Digital's Alex Thorn is pretty confident. He believes the market is seriously “underpricing” the likelihood of the US announcing the formation of a Strategic Bitcoin Reserve before the end of 2025. According to Thorn, the United States government will form the highly anticipated Strategic Bitcoin Reserve by the end of this year.

Signs Pointing to 'Go'

What makes Thorn so optimistic? Well, there are a few things brewing. Back in March, President Trump signed an executive order establishing the concept of a Strategic Bitcoin Reserve and a US Digital Asset Stockpile. While a detailed plan is still MIA, it's a start, right?

Adding fuel to the fire, US lawmakers recently introduced a bill pushing the Treasury to study the feasibility and technical aspects of the SBR. This includes the nitty-gritty details like custody, accounting, and how the heck they'd actually buy Bitcoin.

Not Everyone's Convinced

Of course, not everyone's popping champagne just yet. Some industry folks, like CoinRoutes’ former chairman, Dave Weisburger, think 2026 is a more realistic timeline. Weisburger also pointed out that this administration is too smart to announce ANYTHING until AFTER they accumulate to their initial target.

The Global Game of Bitcoin Catch-Up

Here's where it gets interesting. Some Bitcoin advocates worry the US is dragging its feet. Jan3 founder Samson Mow even suggested the US needs to start acquiring Bitcoin ASAP, or risk being outmaneuvered by other countries. Kyrgyzstan is already making moves toward a state crypto reserve, and Indonesia is exploring how Bitcoin can boost its economy.

Why This Matters

A US Strategic Bitcoin Reserve could be a game-changer. It would signal serious institutional confidence, potentially reduce perceived supply, and shake up macro hedging strategies. But the impact depends on how the US acquires Bitcoin and what targets they set.

The Bottom Line

The Strategic Bitcoin Reserve is still a hot topic with growing support. While Alex Thorn is betting on a 2025 announcement, others preach patience and discreet accumulation. One thing's for sure: keep your eyes peeled for those Treasury reports and legislative updates. This story is far from over!

So, will the US join the Bitcoin party? Only time will tell. But one thing's for sure: it's gonna be a wild ride. Keep stacking sats!