‘Geopolitical masterstroke’: US Govt forecast to acquire 400,000 Bitcoins this year

Patrick Buncsi

7 January 2025

The US Government will significantly up its stake in the world’s most popular cryptocurrency, predicts a leading analyst, with the forecast acquisition of between 300,000 and 400,000 Bitcoins this year.

The Bitcoin buyout, projected by deVere Group chief executive Nigel Green, follows plans mooted by President-elect Donald Trump late last year to create a Strategic Bitcoin Reserve – a move Green said would not only serve to reinforce the dollar’s dominance but also “catalyse a historic Bitcoin bull run”.

The prediction also comes after the introduction of legislation by Republican Senator Cynthia Lummis in mid-2024, christened the Bitcoin Act, proposing the acquisition of one million Bitcoins over five years funded by Federal Reserve remittances.

Green notes that while “political horse-trading” may reduce the initial target of one million, a substantial reserve of 300,000 to 400,000 Bitcoins will still be achieved, driven by overwhelming momentum from both retail and institutional investors.

Bitcoin is approaching – though, by design, will likely never reach – its maximum circulation limit of 21 million coins; currently, just over a little under 20 million Bitcoins have been mined.

“This is more than an economic initiative; it’s a geopolitical masterstroke,” Green said in a statement. “With this reserve, the US not only strengthens its position as a crypto powerhouse but also secures the dollar’s relevance in an increasingly digital global economy.”

The US holds just under 200,000 Bitcoins, with a total current value of around $19.5 billion, according to BitcoinTreasuries, which tracks global cryptocurrency ownership.

For Green, Republican dominance of congress as well as Trump’s outware advocacy for Bitcoin “provide the perfect conditions” for the introduction of this transformative policy to acquire the cryptocurrency.

As well, he added, the persuasive pull of ‘retail FOMO’ (fear of missing out) and institutional demand around crypto bode well for the creation of a “meaningful” Bitcoin reserve.

The Bitcoin price, which currently sits at more than US$98,000 per coin, is predicted to soon hit $100,000 this year – a surge of more than 75% over the last six months.

“The creation of a reserve of 300,000 to 400,000 Bitcoins would likely trigger a Bitcoin bull run of epic proportions, driving exponential value creation and reshaping financial markets,” he said.

Green concluded: “Bitcoin is no longer just a speculative asset. It is becoming a strategic tool for economic resilience and global competitiveness.”