US Government Hesitant to Accumulate Bitcoin Until Other Nations Act
- Crypto entrepreneur Mike Alfred states the US will not begin accumulating Bitcoin until other countries take the lead.
- Alfred predicts Bitcoin could reach $1 million per coin by 2033, a conservative estimate compared to others forecasting it by as early as 2030.
- An executive order for a Strategic Bitcoin Reserve was signed by US President Donald Trump in March, but formal establishment is still pending.
- Analyst Alex Thorn from Galaxy Digital suggests there is a strong chance the US will announce its Bitcoin reserve this year.
- Samson Mow, founder of Jan3, warns that the US risks being “front-run” by nations like Pakistan if it does not start acquiring Bitcoin soon.
The US government’s delay in accumulating Bitcoin could result in falling behind other nations that are already planning their own reserves. Industry leaders emphasize the importance of timely action to maintain strategic parity.
With predictions of Bitcoin reaching $1 million per coin by the next decade, the urgency for the US to establish its reserve is growing, especially as other countries prepare to act first.
