According to industry voices, the United States will likely hold off on buying Bitcoin until other countries make the first move. This view was put forward by cryptocurrency entrepreneur Mike Alfred, who said governments would only intervene “if there is enough external pressure.”
His comments characterize Washington’s approach as reactive rather than proactive. The timing is still unclear.
governments spying on each other
According to Alfred, rising prices could carry over into a broader trend. He told listeners that he expects Bitcoin to reach $1 million by 2033, claiming that by then most countries will have some Bitcoin through direct or indirect exposure.
Other high-profile figures, including Strategy Chairman Michael Saylor and Coinbase CEO Brian Armstrong, have offered sooner time frames, suggesting the seven-figure price could be reached as early as 2030 or 2035.
These forecasts are being used by some industry players to pressure governments to take action now rather than later.
Strategic reserves still lack a playbook.
US President Donald Trump signed an executive order in March to establish a strategic Bitcoin reserve. The order directed the use of budget-neutral methods to build reserves, but no formal plan was announced.
Galaxy Digital analyst Alex Thorn recently argued that there is a “strong chance” that the United States will officially announce its holdings of BTC as a strategic asset this year, although the confirmed holdings have not been disclosed. Proposals exist on paper. No practical action was noticed.
Yes, I mean the U.S. government is publishing, not Wesen’s off-the-cuff remarks on TV.
The comments gave a hint as to how large the reserve is thought to be, but it is not an official statement from SBR https://t.co/ADxguLJ8vH.
— Alex Thorne (@intangiblecoins) September 11, 2025
A warning about being a leader
Some industry insiders say the delay carries risks. Jan3 founder Samson Mow warned that the United States must start acquiring Bitcoin soon or risk being preempted by other countries, citing Pakistan as an example of a country planning to buy.
Alfred noted that prior to the March order, widespread official recognition of Bitcoin was not possible in the United States. Many in the industry see renewed competition to secure BTC, and pressure from abroad could be a deciding factor for policymakers.
Organizations involved in the fight
Institutions are expanding their presence despite price fluctuations. Bitcoin fell below $95,000. Nonetheless, institutional activity appears to be increasing.
Major U.S. digital trading platforms and chartered banks have opened cryptocurrency trading to institutional clients, and the Singapore Exchange’s derivatives division is adding perpetual futures.
The policy change has allowed some companies to expand accessibility by launching cryptocurrency exchange-traded products. These steps show that companies are building infrastructure and services even as prices fluctuate.
The phenomenon of supply concentration is also becoming more visible. The corporation currently controls about 14% of the 21 million Bitcoin supply through product companies and companies that hold BTC on their books.
This 14% figure does not include large holdings of assets pegged to miners, sovereigns like El Salvador, or decentralized finance protocols, all of which would push the share higher.
If too much supply is concentrated in certain hands, liquidity can become scarce. Governments watching this trend may feel pressured to add Bitcoin to their official stores simply to keep pace with other holders.
Now I’m waiting and observing
Alfred is basically saying that the United States will wait before buying Bitcoin. He thinks governments would like to see other countries take the first big steps before starting to collect Bitcoin themselves. For now, strategic Bitcoin reserves are more of a plan written down on paper than something that actually happens.
Featured image from Unsplash, chart from TradingView
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