- The US government, under Trump’s 2025 executive order, established a Strategic Bitcoin Reserve but hesitates to lead Bitcoin stockpiling until foreign governments initiate purchases.
- Mike Alfred believes the US will be pressured by rival nations to buy Bitcoin to avoid being outpaced in global digital asset competition.
According to crypto entrepreneur Mike Alfred, the U.S. will hold off on buying Bitcoin to add to its strategic reserve until foreign competitors decide to go ahead with their purchases. Alfred is of the opinion that American officials will be compelled by foreign pressure to take the initiative in the crypto stockpiling. The question of when things will get started is still open despite the executive order signed by Trump in March.
Washington Waits for International Movement
The US administration is skeptical in leading the way with Bitcoin reserve buying even after it was the first to set up the structure for this under President Trump’s directive earlier this year. Alfred mentioned that the United States will be forced by the outer world, mainly from rival countries, to react to crypto stockpiling.
The insiders are concerned that such a wait-and-see tactic may put the US in a position to be outpaced by the other players in the global competition for digital assets. Some nations have already charted their paths to buying Bitcoin, whereas the US government is still wavering whether to allocate funds.
In March, President Trump put into effect an executive order that outlined the creation of a Strategic Bitcoin Reserve using methods that are neutral in terms of the budget. But the formal rollout of the initiative has stalled, and there are no definite timelines for the actual purchase of cryptocurrencies by the federal government.
Galaxy Digital analyst Alex Thorn had earlier indicated that there was a high likelihood of a formal disclosure concerning the holding of Bitcoin this year. The forecast has not come to fruition as the officials are still pondering the implications of having a crypto reserve.
Million-Dollar Projections Drive Urgency
By 2033 Alfred is quite confident that Bitcoin will have a value of one million dollars per coin, which is a lot more cautious than most of the other sector forecasts. After this, he sees a scenario where almost every government owns some Bitcoin as soon as the crypto gets to a million-dollar valuation.
Whereas ARK Invest CEO Cathie Wood and Coinbase CEO Brian Armstrong believe the Bitcoin price could reach one million dollars by 2030, or even before that, Alfred suggests a much longer timeframe for the cryptocurrency’s price.
In June, Samson Mow, the founder of Jan3, cautioned that the delay in action might cause other countries to take the lead in buying Bitcoins before the US can. He said that while the US is still figuring out its move, Pakistan and other countries are going ahead with their plans for cryptocurrencies.
Alfred admitted that a lot had changed since Trump’s election and pointed out that it would have been unthinkable for the government to recognize Bitcoin under the previous administrations. Although the startup of the Strategic Bitcoin Reserve has been slower than expected, the change still signifies substantial progress.
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