US won’t start Bitcoin reserve until other countries do: Mike Alfred

The US government will start buying Bitcoin for its strategic reserve when there is “enough pressure externally,” says crypto entrepreneur Mike Alfred.

The US government is unlikely to start accumulating Bitcoin for its strategic reserve until other nations make the first move, says crypto entrepreneur Mike Alfred.

Alfred said in a podcast published on Tuesday that the US government will start putting Bitcoin (BTC) into its reserve created earlier this year “when there is enough pressure externally.” 

“Once the US government recognizes that others are taking action before them, that’ll probably catalyze additional action in the future,” he said, adding that the timeline for the US government’s action is up in the air.

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