According to Alex Thorn, head of research in Galaxy Research, the US government may have a maximum of 88,000 BTC available for its newly declared strategic bitcoin reserve.
In a March 7 post on X, Thorn said that while the government currently holds around 198,000 bitcoins (BTCs), 112,000 BTCs should be returned to BitfinX after last seizure. This means that only one part of the property can be used for a maximum of 88,000 BTC, reserve.
According to the White House AI and Crypto Caesar David Sachs, for the initial bitcoin reserve To ensure any additional cost of taxpayers, the seized digital assets must come from. However, Thorne’s analysis suggests that only bitcoins have been confiscated instead of all seized holdings, can be rebuilt, which can significantly reduce the possible size of the reserve.
Thorn also reported that Bitcoin accounts for 97.7% of the government’s digital assets, and the percentage increases by 98%, keeping in mind the bitcoin (WBTC).
Trump’s decision to establish the reserve has been widely praised in the crypto space. CEO of Coinbase Brian Armstrong called This “a historic moment for bitcoin and crypto”, predicting that other G20 nations will notice notices and potentially follow the leadership of the US.
Ryan Rasmusen, head of Galaxy Digital’s research, underlined the widespread implications of the strategic bitcoin reserve, arguing that it removes the possibility of selling a large amount of bitcoins of the US government and strengthens the case for institutional adoption.
This regulatory change, he said, will encourage more countries, money managers, financial organizations and even state governments to buy bitcoins.
According to Rasmusen, the ruling also reduces the possibility that the US will implement strict rules on bitcoin. It would be ineffective to ban or regulate bitcoins as the government actively owns it. As a result, industry experts believe that this policy is fundamentally replacing the shift bitcoin story.
Bitcoin continued its strong position despite the recent market unrest, traded at around $ 87,800 at the time of press. The upcoming Mar.7 White House Crypto Summit, where MPs and trade authorities are expected to discuss the role of bitcoin in the financial system, are expected to shape the market spirit.
