deVere CEO says US likely to buy hundreds of thousands of Bitcoins

Investing.com -- Nigel Green, CEO of deVere Group, predicts that the United States will acquire between 300,000 and 400,000 Bitcoins in 2025, establishing a Strategic Bitcoin Reserve.

According to Green, this move would not only cement the dollar's dominance but also ignite a historic Bitcoin bull run.

Green believes the establishment of a Strategic Bitcoin Reserve is "almost inevitable."

He explains, "The US will likely cement Bitcoin as a cornerstone of its financial strategy, and this monumental decision will push Bitcoin's value to unprecedented levels."

The forecast follows Senator Cynthia Lummis' introduction of the Bitcoin Act of 2024, which proposes acquiring one million Bitcoins over five years using Federal Reserve remittances.

While political negotiations may reduce the target, Green believes a reserve of 300,000 to 400,000 Bitcoins will still materialize, driven by "overwhelming momentum from both retail and institutional investors."

"This is more than an economic initiative; it's a geopolitical masterstroke," Green states. He argues that such a reserve would bolster the US's position as a crypto leader and secure the dollar's relevance in an increasingly digital economy.

Support from President Trump and a Republican-controlled Congress strengthens the proposal's prospects.

Trump, described by Green as a "pro-Bitcoin ringmaster," is galvanizing his party around crypto-friendly policies.

"Republican dominance and Trump's role...provide the perfect conditions for such a transformative policy," Green adds, noting bipartisan support from pro-crypto Democrats.

Despite potential political hurdles, Green believes strong demand and fear of missing out (FOMO) among investors will ensure a meaningful reserve is established.

He predicts this reserve would "trigger a Bitcoin bull run of epic proportions," driving exponential value growth and reshaping global financial markets.

"Bitcoin is no longer just a speculative asset," Green concludes. "It is becoming a strategic tool for economic resilience and global competitiveness."

Source: Investing.com