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Crypto entrepreneur Mike Alfred believes the U.S. is playing a waiting game with Bitcoin, strategically holding back on accumulating it for national reserves until a rival nation blazes the trail – a high-stakes game of chicken in the digital currency arena.
“Buckle up, crypto fans! In a bombshell podcast released Tuesday, Alfred dropped a truth bomb: the US government is poised to add Bitcoin (BTC) to its freshly minted reserve. But here’s the kicker – they’re waiting for “enough external pressure” to pull the trigger. Is this a sign of things to come, or a high-stakes game of crypto chicken?”
“Washington’s response remains a question mark, but the moment other nations seize the initiative, the US will likely be compelled to act,” he suggested. “The timing, however, is anyone’s guess.”
Mike Alfred speaking on the Coin Stories podcast released on Tuesday. Source: Natalie Brunell
As rival nations quietly amass Bitcoin, a chorus of industry leaders is urging Washington to join the digital gold rush before America falls behind in this high-stakes crypto race.
Most governments will have Bitcoin when it’s worth $1 million
While some crypto titans are eyeing $1 million Bitcoin by 2030, one analyst, Alfred, is taking the long view, predicting the milestone by 2033. That’s a more grounded forecast compared to the bolder pronouncements of ARK Invest’s Cathie Wood and Coinbase’s Brian Armstrong, both anticipating seven-figure Bitcoin well before the end of the decade.
Alfred predicts a future where governments worldwide, directly or indirectly, hold cryptocurrency, viewing it not as a fringe investment, but as a vital strategic reserve, akin to gold or oil.
In March, a seismic tremor rippled through the crypto world: President Trump signed an executive order greenlighting a Strategic Bitcoin Reserve. The ambition? To stockpile the digital gold using budget-neutral tactics. But months later, the blueprint remains elusive, a tantalizing prospect yet to materialize.
Forget gold. Could Bitcoin become America’s new strategic reserve? Galaxy Digital’s Alex Thorn dropped a bombshell in September, suggesting a “strong chance” the US government might announce this year they’re officially HODLing BTC as a strategic asset. Imagine: Uncle Sam stacking sats.
US government risks being “front-run,” says Bitcoiner
Alfred added that it “seemed impossible that the government would even acknowledge Bitcoin before Trump.”
Related: Bitcoin sinks under $90K: BitMine, Bitwise execs tip bottom this week
“I think we’ve made quite a bit of progress in a short period of time,” he said.
The pressure is mounting on Washington. Bitcoin advocate Samson Mow warned that the U.S. risks falling behind if it doesn’t start accumulating Bitcoin now. He envisions a future where nations like Pakistan, already eyeing Bitcoin, gain a strategic advantage, leaving America scrambling to catch up. The clock is ticking on the Bitcoin acquisition race.
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