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

According to Odaily Planet Daily, crypto entrepreneur Mike Alfred stated in a recent podcast that the US government is unlikely to initiate a strategic reserve of Bitcoin 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 executive order when "external pressure is significant enough."

Alfred predicts that by 2033, Bitcoin will reach a price of $1 million, at which point "almost every country will hold Bitcoin directly or indirectly" and regard it as a strategic reserve asset. He believes that the US government was previously reluctant to acknowledge Bitcoin, "but under Trump's impetus, the atmosphere has changed significantly."

Previously, Galaxy Digital analyst Alex Thorn predicted that the United States 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 United States does not act soon, other countries may "preemptively establish their own" positions. (cointelegraph)