U.S. Government May Strategically Purchase Bitcoin in 2023, Says Galaxy Research Director Alex Thorn

In a recent analysis by Galaxy Research, Director Alex Thorn highlighted a potential shift in strategy regarding the U.S. government’s approach to cryptocurrency. He suggested that this year, the government might consider adding Bitcoin to its strategic reserves. Thorn emphasized that a practical method for achieving this could involve leveraging the altcoins currently held in its digital asset portfolio. Such a move could not only solidify Bitcoin’s position within the financial landscape but also signal a broader acceptance of digital currencies at the government level. As regulatory frameworks continue to evolve, the implications of this strategy could shape market dynamics, influencing both investor sentiment and institutional adoption.