Analysis: The US will not establish a Bitcoin reserve unless other countries take the first step.

In a recent podcast, crypto entrepreneur Mike Alfred stated that the US government is unlikely to initiate a strategic Bitcoin reserve in the short term unless other countries take the lead. He said the US will only include Bitcoin in the strategic reserve framework established this year through an executive order when "external pressure is strong enough." Alfred predicts that by 2033, Bitcoin's price will reach $1 million, at which point "almost every country will hold Bitcoin directly or indirectly" and consider it a strategic reserve asset. He believes that the US government was previously reluctant to acknowledge Bitcoin, "but under Trump's push, the atmosphere has clearly changed." Previously, Galaxy Digital analyst Alex Thorn predicted that the US had a "high probability" of officially announcing its holding of Bitcoin as a strategic asset this year. Meanwhile, several industry insiders warned that if the US does not act soon, other countries may "preemptively establish their own" positions. (cointelegraph)