Analysis: The United States may only initiate a Bitcoin strategic reserve after other countries take action

Jinse Finance reported, citing Cointelegraph, that cryptocurrency entrepreneur Mike Alfred recently stated that the U.S. government may wait for other countries to take the lead before it begins to include bitcoin in the strategic reserves established earlier this year. Although President Trump signed an executive order in March directing the creation of a "strategic bitcoin reserve," the plan has not yet been formally implemented. Alfred predicts that the price of bitcoin will reach $1 million by 2033, at which point "almost every government will directly or indirectly hold this asset and regard it as a common type of strategic reserve asset."