The chief research manager of the Société with assets Crypto Galaxy Digital, Alex Thorn, believes that the American government will add Bitcoin (BTC) to the Bitcoin Strategic Reserve (SBR).
In an appearance on Bloomberg Crypto, Thorn says that in addition to Bitcoin that the US government has confiscations, the world’s largest economy will buy BTC to add to SBR in 2025.
“In March, they had the creation of the Bitcoin Strategic Reserve and the Executive Decree of the United States Digital Asset …… which specifically prohibited the government from selling Bitcoin and ordered the (departments of) the trade and the Treasury of finding budgetary means to buy Bitcoin while prohibiting them simultaneously.
I think a lot of progress has been made … and you have the Treasury Secretary Scott Bessent by literally saying that Bitcoin now becomes a value store. You have a drum of Bo Hines (Executive Director of the President of the Council of Advisors on Digital Assets) and David Sachs (AI of the White House and Czar Czar). And it seems just plausible at this stage, they will buy something. There will be a purchase.
On how the American government would buy Bitcoin in a neutral budgetary manner for the SBR, says the digital research chief of Galaxy.
“What you might do is the altcoins that are in the stock of digital assets for sale only, you could sell some for Bitcoin …
To be precise, you can sell an Altcoin in an Altcoin / BTC pair and never touch the money. No money should never flock to the (United States) General Treasury. It could be an easier way to go to a “promises made, promises held” on the SBR. »»
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