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Analysis: The United States may only initiate its Bitcoin strategic reserves after actions by other countries.
According to Jinse Finance and reported by Cointelegraph, crypto entrepreneur Mike Alfred recently stated that the U.S. government may wait for other countries to act first before it begins to incorporate Bitcoin into 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 yet to be officially implemented. Alfred predicts that the price of Bitcoin will reach 1 million dollars by 2033, by which time almost every government will hold this asset either directly or indirectly, viewing it as a common type of strategic reserve asset.