Global Watch as Alex Thorn Predicts U.S. Bitcoin Reserve

Alex Thorn, head of research at Galaxy Digital, says there is a strong chance the U.S. government will announce a Strategic Bitcoin Reserve (SBR) before the end of the year. He wrote that markets are underestimating this possibility and pointed to recent government moves that make the idea more plausible.

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What the SBR means and Why Alex Thorn Suggest

A Strategic Bitcoin Reserve would mean the U.S. holds bitcoin as an official asset, similar to how countries hold oil or gold reserves. Agencies already control a large stash of seized BTC from cases so the state already has coins to call a “reserve”. Thorn points to those holdings as the easiest path to an SBR.

The idea is not brand new. In March, the White House and several agencies began public moves that point toward a formal reserve. Reports said the government already controls a large number of Bitcoins from seizures and that rules are being drafted on how to keep and add to that stockpile. These earlier steps explain why Alex Thorn says a formal SBR announcement could come soon.

Market voices and broader context

Industry voices are mixed. Some experts welcome the stability that an SBR might bring. Others worry about politics and conflicts of interest. Arthur Hayes has recently urged patience to Bitcoin holders, saying long-term thinking matters more than chasing quick gains. That reminder sits alongside Thorn’s claim, showing the debate is both about policy and investor behavior.

Global effects and how other countries might react

Some nations may copy the idea and start their own digital reserves. Countries that already hold bitcoin or that have pro-crypto leaders could move faster. As of now many nations have started building their own reserves and holding digital assets in their treasuries.

Impact on the US crypto market — short term and long term

If the U.S. says it will hold bitcoin as a strategic asset, short-term price moves are likely. A formal plan or buying program could push prices up quickly because it signals strong government demand.

In long-term growth the United States could be the biggest giant of all in national BTC treasury. ETF issuers, and banks would pay close attention and may change how they offer crypto products.