The potential establishment of a Strategic Bitcoin Reserve (SBR) by the United States government could take shape by the year’s end, according to Alex Thorn, who leads firmwide research at Galaxy Digital. Thorn’s recent comments on social media reflect a belief that the market is underestimating the prospects of such an announcement, although some in the industry are expressing reservations regarding the timeline and implementation details.
The concept of a U.S. Strategic Bitcoin Reserve gained momentum earlier this year when an executive order from the Trump administration sought to create both the SBR and a U.S. Digital Asset Stockpile in March. However, formal guidelines for how the reserve will operate are yet to be laid out. Recently, U.S. lawmakers have introduced a bill directing the Treasury Department to assess the feasibility and technical requirements for establishing the reserve, suggesting that legislative efforts are making progress, albeit without a finalized strategy.
On July 31, reports emerged indicating that a liaison within the Trump administration reaffirmed the government’s commitment to the SBR. This official emphasized that although the reserve was briefly mentioned in a recent report on crypto policy, the administration remains interested in the initiative, hinting at possible movement toward its realization.
Despite this optimism, not all analysts agree on a swift timeline. Dave Weisburger, the former chairman of CoinRoutes, opined that the U.S. might delay the announcement of the SBR until 2026. Weisburger argued that a strategic wait could allow the government to accumulate a noteworthy amount of Bitcoin before formally launching the reserve. He warned that this cautious approach might prevent the government from making any declarations until they have reached certain accumulation targets.
Concerns among Bitcoin advocates are growing regarding potential delays, as they believe the U.S. could risk losing ground to other nations in Bitcoin accumulation if the reserve’s formation is further postponed.
The ongoing discussions related to the SBR reveal a divided sentiment in the crypto landscape. While a faction of analysts remains hopeful for a swift establishment of the reserve by year-end, others maintain that the timeline could stretch into 2026. Legislative efforts, combined with the administration’s ongoing interest, indicate a forward momentum for the reserve, but the precise timing and details remain uncertain. As developments continue to unfold, the future of the U.S. Bitcoin Reserve will likely take shape in the coming months.
