Crypto entrepreneur Mike Alfred believes the United States will not begin adding Bitcoin to its strategic reserve until other nations make the first move. Speaking on a podcast released Tuesday, he said the government will only begin accumulating Bitcoin “when there is enough pressure externally,” noting that a shift in U.S. policy will likely be triggered “once the US government recognizes that others are taking action before them.” He also suggested that the timing of any such decision remains uncertain.

Rising global competition

Alfred’s comments come as industry figures urge the United States to accelerate its Bitcoin strategy, warning that other countries could quickly outpace its reserves. He expressed confidence that Bitcoin could reach $1 million per coin by 2033 — a slower projection than those from ARK Invest’s Cathie Wood and Coinbase CEO Brian Armstrong, who expect seven-figure levels earlier. Alfred argued that by the time such valuations are reached, most governments will hold Bitcoin in some form and treat it as a core strategic asset.

Earlier this year, President Donald Trump signed an executive order to establish a Strategic Bitcoin Reserve funded through budget-neutral methods, although the plan has not yet taken formal shape. In September, Galaxy Digital analyst Alex Thorn said there was a “strong chance” the U.S. will announce that it has already begun holding Bitcoin as a strategic asset.

Fear of being outpaced

Alfred also pointed out that “it seemed impossible that the government would even acknowledge Bitcoin before Trump,” but believes the country has advanced faster than expected.

Others argue the U.S. must move more decisively. Jan3 founder Samson Mow said in June that the government “has to start” accumulating Bitcoin this year or risk being “front-run” by countries such as Pakistan, which have also expressed interest in building national Bitcoin holdings.

Sources:

https://cointelegraph.com/news/us-won-t-start-bitcoin-reserve-until-other-countries-do-mike-alfred

https://www.youtube.com/watch?v=NkXgtp_LiPI