• External catalysts key: US action likely triggered by other governments’ Bitcoin purchases.

• Mike Alfred predicts Bitcoin reaching $1 million by 2033, leading widespread government adoption.

• Executive order from March directed budget-neutral Bitcoin accumulation, but formal setup remains pending, per industry analysts.

Discover when the US will launch its Bitcoin strategic reserve amid global competition. Expert insights from Mike Alfred reveal timelines and risks—stay ahead in crypto with essential updates on government adoption today.

When will the US government start buying Bitcoin for its strategic reserve?

The US government will likely begin purchasing Bitcoin for its strategic reserve once sufficient external pressure arises from other nations accumulating the asset first, as stated by crypto entrepreneur Mike Alfred in a recent podcast. This approach ensures the US avoids being outpaced in the evolving digital economy. Alfred emphasized that recognition of international actions will catalyze domestic efforts, though the exact timeline remains uncertain.

Mike Alfred speaking on the Coin Stories podcast released on Tuesday. Source: Natalie Brunell

What is the predicted timeline for Bitcoin reaching $1 million and government adoption?

Mike Alfred forecasts Bitcoin hitting $1 million per coin by 2033, a projection more measured than estimates from ARK Invest CEO Cathie Wood and Coinbase CEO Brian Armstrong, who see seven-figure valuations as early as 2030. By that point, Alfred anticipates nearly every government will hold direct or indirect Bitcoin exposure, treating it as a standard strategic reserve asset. This widespread adoption could transform Bitcoin from a niche investment into a global financial staple, backed by its fixed supply and growing institutional interest.

President Donald Trump’s executive order in March established the framework for a Strategic Bitcoin Reserve using budget-neutral methods to acquire the cryptocurrency. However, the reserve has not yet been officially implemented. Galaxy Digital analyst Alex Thorn noted in September a strong possibility of an announcement this year confirming the US’s formal holding of Bitcoin as a strategic asset.

Alfred highlighted the rapid progress in government acknowledgment of Bitcoin, especially under the current administration. He remarked that it once seemed impossible for officials to even recognize the cryptocurrency before recent political shifts. This evolution underscores Bitcoin’s maturation as a legitimate reserve option.

Industry voices continue to press for accelerated US action. Jan3 founder Samson Mow urged in June that the US must commence Bitcoin acquisitions this year to prevent being front-run by nations such as Pakistan, which are eyeing substantial purchases. Such delays could diminish the US’s influence in the cryptocurrency landscape.

Frequently Asked Questions

What external factors might prompt the US to build its Bitcoin strategic reserve?

According to Mike Alfred, the primary trigger will be actions by other governments, such as national Bitcoin stockpiles or reserves. This competitive dynamic ensures the US responds to maintain economic sovereignty, with timelines hinging on international developments rather than fixed dates.

How does the US Bitcoin strategic reserve plan align with global trends?

The reserve, outlined in a March executive order, focuses on budget-neutral accumulation to bolster national assets. As other countries like Pakistan advance their Bitcoin strategies, the US aims to integrate the cryptocurrency similarly, positioning it as a hedge against traditional financial risks in an increasingly digital world.

Key Takeaways

• External pressure drives action: The US will likely accumulate Bitcoin once nations like Pakistan lead, avoiding a lag in strategic positioning.
• $1 million Bitcoin by 2033: Alfred’s forecast suggests broad government adoption, solidifying Bitcoin’s role as a reserve asset worldwide.
• Urgent implementation needed: Delays risk the US being outpaced; industry experts recommend starting acquisitions immediately to secure advantages.

Conclusion

The development of the US Bitcoin strategic reserve represents a pivotal shift in national financial strategy, influenced by insights from experts like Mike Alfred on external pressures and Bitcoin’s projected growth. As global competition intensifies, timely action will be crucial to leverage the cryptocurrency’s potential. Investors and policymakers should monitor international moves closely, preparing for a future where Bitcoin underpins economic resilience—consider evaluating your portfolio’s exposure to this transformative asset today.