US Likely to Buy 300K-400K Bitcoin in 2025: DeVere Group CEO


The United States could acquire up to 400,000 bitcoins in 2025, according to Nigel Green, CEO of DeVere Group.

Green, known for his bullish outlook on cryptocurrencies, believes this strategic Bitcoin reserve would boost Bitcoin (Bitcoin) as a cornerstone of US financial policy and driving an unprecedented bull market, according to a note shared with crypto.news.

Green's predictions He follows Senator Cynthia Lummis' Bitcoin Act of 2024, which proposes 1 million bitcoins over five years. While political negotiations may lead to a reduction in the initial target, Green says it is "likely" that the government will receive between 300,000 and 400,000 bitcoins.

“This is more than just an economic initiative; “It's a major geopolitical blow,” Green said. He stressed that the US Bitcoin reserve could strengthen the dollar's dominance in the increasingly digital global economy.

Bull race 2025

Despite potential challenges, including legislative hurdles, Green is optimistic about the market impact.

“Creating a reserve of 300,000 to 400,000 bitcoins would likely send bitcoin prices soaring to epic proportions, creating massive value and reshaping financial markets,” he said.

In late 2024, green He praised Donald Trump for announcing plans for cryptocurrency-friendly regulations and a $14 billion national bitcoin reserve to boost the US economy and drive digital finance.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *