Galaxy Research Director: The US government is likely to formally establish a strategic Bitcoin reserve this year

Odaily Planet Daily News: Alex Thorn, global research director of Galaxy Digital, said, "I still believe that the US government is likely to announce this year that it has established a strategic Bitcoin reserve and officially hold Bitcoin as a strategic asset. The market seems to have completely underestimated the possibility of this announcement." However, other industry executives are not so confident. There are some signs that the plan is moving forward. Although US President Trump signed an executive order in March to formally establish the Strategic Bitcoin Reserve and the US Digital Asset Reserve, a formal strategic plan has not yet been determined. Some recent developments indicate that the plan is still moving forward. On Tuesday, US lawmakers introduced a bill instructing the US Treasury Department to review and write a report on the feasibility and technical considerations of a strategic Bitcoin reserve. (Cointelegraph)