Galaxy Research Director: The U.S. government is likely to formally establish strategic Bitcoin reserves this year

"I still think that the U.S. government will announce that it has set up a strategic Bitcoin reserve this year and officially hold Bitcoin as a strategic asset. The market seems to have completely underestimated the possibility of the announcement." However, other industry executives are not as confident. There are some signs that the plan is moving forward. Although U.S. President Trump has signed an executive order in March to formally establish strategic Bitcoin reserves and U.S. digital asset reserves, no formal strategic plan has been determined. Some recent progress indicates that the plan is still in progress. On Tuesday, U.S. lawmakers introduced a bill directing the U.S. Treasury Department to review and write a report on the feasibility and technical considerations of strategic bitcoin reserves. (Cointelegraph)