• Mike Alfred says the US will not buy Bitcoin for its strategic reserve until other nations make the first move.
• The US could start accumulating BTC only when external pressure becomes strong enough.
• Experts believe most governments will eventually hold Bitcoin as a strategic asset.
• Alfred predicts Bitcoin could reach $1 million by 2033, and most nations will own it by then.
• The US risks falling behind if other countries start building reserves first.
• The US has approved the idea of a Strategic Bitcoin Reserve, but it is not active yet.

The United States government is unlikely to begin purchasing Bitcoin for its strategic reserve until other countries start accumulating it, according to crypto entrepreneur Mike Alfred. Speaking on a recent podcast, Alfred explained that the US will only act once there is clear external pressure.

He said the US may move faster if it sees other nations buying Bitcoin first, as the government would not want to fall behind in building strategic reserves. However, he added that the exact timeline for US action remains uncertain.

This discussion comes at a time when major industry figures are urging the US to speed up its Bitcoin strategy. Some analysts warn that if the US waits too long, it could lose its position against countries that are preparing to buy or hold Bitcoin.

Alfred also shared his long-term outlook for Bitcoin’s price. He believes Bitcoin could reach $1 million by 2033, a more cautious estimate compared to predictions by Cathie Wood and Brian Armstrong, who expect that milestone sooner. Alfred expects that by the time Bitcoin reaches that valuation, nearly all governments will hold the asset directly or indirectly as part of their reserves.

Earlier this year, President Donald Trump signed an executive order to create a Strategic Bitcoin Reserve using budget-neutral methods. Despite this announcement, the reserve has not yet been formally established, and no official Bitcoin purchases have been made.

Analysts such as Alex Thorn from Galaxy Digital say the US has a strong chance of announcing official BTC holdings before the end of the year. Others, like Jan3 founder Samson Mow, warn that the US risks being “front-run” by countries such as Pakistan, which are already preparing to accumulate Bitcoin.

The debate highlights a growing global race for Bitcoin adoption at the government level. Pressure is increasing, and if other nations act first, the US may be forced to respond quickly to maintain its strategic position.

Final Thought

The future of a US Bitcoin reserve depends heavily on global competition. If other countries begin buying Bitcoin for their strategic holdings, the US may have no choice but to follow. For now, the world is watching to see which nation makes the first major move.