Why is the US not rushing to accumulate Bitcoins?
At the end of 2022, a year has passed since the US Department of the Treasury announced the creation of a national Bitcoin reserve. However, it turned out that the US Treasury has not yet developed a specific plan to acquire and replenish this strategic asset.
Experts note that the lack of a clear strategy for accumulating Bitcoins may be due to a number of reasons. First, US regulators are still rather wary of cryptocurrencies and are in no hurry to legalize them at the federal level. Secondly, the accumulation of Bitcoins in the state reserve may entail the need to develop new legislative norms, which will require time and resources.
Moreover, in the current economic conditions, when inflation in the US has reached multi-year highs, the government is unlikely to be willing to allocate significant funds for the purchase of Bitcoins, preferring more traditional instruments. Nevertheless, experts believe that in the long term, the US will have no choice but to form a strategic reserve of digital gold.
The creation of a state Bitcoin reserve could be an important step towards greater official recognition of cryptocurrencies. However, so far the US Treasury Department is taking a wait-and-see approach, not rushing to develop a specific strategy for accumulating BTC.