AsianFin -- The United States will acquire between 300,000 and 400,000 Bitcoins in 2025 to create a Strategic Bitcoin Reserve, said Nigel Green, the CEO of deVere.
According to Green, this move would not only cement the dollar's dominance but also ignite a historic Bitcoin bull run.
Green said the establishment of a Strategic Bitcoin Reserve is "almost inevitable," adding that "the U.S. will likely cement Bitcoin as a cornerstone of its financial strategy, and this monumental decision will push Bitcoin's value to unprecedented levels."
The forecast follows U.S. Senator Cynthia Lummis' introduction of the Bitcoin Act of 2024, which proposes acquiring one million Bitcoins over five years using Federal Reserve remittances.
While political negotiations may reduce the target, Green predicts a reserve of 300,000 to 400,000 Bitcoins will still materialize, driven by "overwhelming momentum from both retail and institutional investors."
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