US Delays Bitcoin Reserve as Institutional Adoption Rises
The US Government has postponed its Strategic Bitcoin Reserve plan, choosing to wait for external pressure from other nations before allocating BTC. Although President Trump’s March executive order authorized a Bitcoin Reserve, no formal holdings or timeline have been disclosed. Industry figures warn that delaying further may allow countries like Pakistan to gain a first-mover advantage.
Forecasts for Bitcoin prices vary. Mike Alfred projects BTC could reach $1 million by 2033. Michael Saylor and Brian Armstrong predict seven-figure prices between 2030 and 2035. Galaxy Digital analyst Alex Thorn sees a strong chance of an official announcement on US Bitcoin assets by year-end.
Meanwhile, institutional adoption is on the rise. US trading platforms have opened crypto markets to institutions. The Singapore Exchange launched BTC perpetual futures and new ETPs. Corporations now control about 14% of total Bitcoin supply, excluding miners, sovereigns and DeFi locks. Rising supply concentration may finally push the US to formalize its Bitcoin Reserve.
Neutral
The US delay in formalizing a Bitcoin Reserve removes immediate governmental demand and may weigh on price in the short term. However, the rise in institutional adoption—via new futures products and ETP launches—as well as a potential official announcement by year-end provide bullish catalysts. Historical patterns show that institutional entries tend to support price stability and growth. The combination of near-term bearish pressure from delayed government buying and longer-term bullish drivers leads to a neutral overall impact.