Strategic Bitcoin Reserve: Galaxy Digital Analyst Predicts High Probability of US Adoption in 2024

Alex Thorn, Head of Research at Galaxy Digital, has projected a significant likelihood that the United States will establish a Strategic Bitcoin Reserve before the end of 2024. In his analysis, Thorn suggests that financial markets are currently “underpricing” the probability of this development, indicating that such a move could have substantial implications for national monetary strategy and Bitcoin’s role as a treasury asset. While Thorn’s outlook is optimistic, it has been met with measured skepticism from some quarters of the financial community, who question the regulatory and political feasibility of such an initiative in the near term. The concept draws parallels to the existing Strategic Petroleum Reserve, positioning Bitcoin as a critical financial asset for economic security. Should this prediction materialize, it would mark a historic shift in U.S. fiscal policy and potentially catalyze broader institutional adoption of Bitcoin as a reserve asset.