Analyst sees rising odds of US Bitcoin purchase in 2025

Alex Thorn, Head of Research at Galaxy Digital, has highlighted a growing likelihood that the United States government may purchase Bitcoin (CRYPTO:BTC) in 2025.

In a post on X, Thorn noted a shift in his earlier prediction that the U.S. would only hold existing Bitcoin reserves without making new acquisitions.

He attributed this change to recent developments, including comments from key figures in the Trump administration and progress on the Strategic Bitcoin Reserve (SBR) audit.

Thorn referenced remarks by Treasury Secretary Scott Bessent, who recently acknowledged Bitcoin as an emerging store of value alongside gold during an interview with Tucker Carlson.

This acknowledgment signals increasing government interest in digital assets as part of broader economic strategies.

Additionally, Thorn pointed out that Monday marks the deadline for federal agencies to complete their audit of Bitcoin holdings under President Trump’s executive order establishing the SBR.

The executive order, signed in March 2025, repurposes seized Bitcoin for federal control and tasks agencies with exploring budget-neutral methods for acquiring additional cryptocurrency.

Robert “Bo” Hines, Executive Director of the Presidential Council of Advisers for Digital Assets, suggested using gold certificates as one potential financing mechanism for future Bitcoin purchases.

While Thorn sees a higher probability of U.S. Bitcoin acquisitions, demand for such moves remains uncertain.

Analyst Min Jung from Presto Research noted that institutional interest in Ethereum (CRYPTO:ETH) ETFs has been limited and questioned whether spot Bitcoin ETFs would gain traction among investors.

Jung added that geopolitical competition could influence adoption, with nations outside U.S. influence potentially leading efforts to accumulate Bitcoin reserves.

Currently, the U.S. government holds approximately 183,850 BTC, valued at $17.36 billion, acquired primarily through asset seizures like those from the Silk Road case.

Wyoming Senator Cynthia Lummis has proposed legislation to expand these reserves by purchasing 200,000 BTC annually over five years.

However, analysts remain sceptical about the feasibility of such plans due to market volatility and regulatory hurdles.