High Likelihood of US Establishing Strategic Bitcoin Reserve This Year: Alex Thorn

Alex Thorn, head of research at Galaxy Digital, has indicated a strong possibility that the United States will establish a strategic Bitcoin reserve in 2024. Thorn believes several key factors support this likelihood, including increasing interest in Bitcoin within the US government, growing recognition of its potential role in the global financial system, and the need to safeguard national interests in the digital currency space. Thorn explained that a strategic Bitcoin reserve could provide the United States with economic and technological leverage, as well as enhance its position as a leader in digital innovation. He added that such a reserve could also act as a safeguard against potential national security threats arising from other digital currencies. Thorn emphasizes that creating this reserve represents a proactive step that could bolster US interests in the ever-evolving world of cryptocurrency.