Alex Thorn suggests US could acquire Bitcoin without new spending
- US government can buy Bitcoin without new spending
- Altcoins can be converted to BTC via pairs
- Bitcoin Strategic Reserve limits use of public resources
In a recent interview with Bloomberg Crypto, Alex Thorn, head of enterprise research at Galaxy Digital, stated that the United States government could buy Bitcoin in 2025 without exceeding the current budget limits. According to him, this move would not require additional resources from taxpayers, respecting the neutral tax policy currently adopted.
Thorn noted that this potential purchase could occur even under the guidelines of the proposed Bitcoin Strategic Reserve. This initiative prohibits the sale of BTC by the government and stipulates that the acquisition must happen in a budget-neutral manner. In addition, the legislation prevents the use of funds for the purchase of altcoins.
During the interview and in posts on the X network, Thorn pointed out that a viable solution would be to use altcoins already held by the government. For him, the conversion of these currencies directly into Bitcoin could happen through specific trading pairs, without moving fiat money. “One of the elegant ways is to take some altcoins or something from this stockpile, which, let’s be honest, the government and Congress barely know that the government has… and sell it in an altcoin-BTC pair without touching any money,” he explained.
i now think the US government could buy bitcoin this year for its strategic reserve, and the easiest (likeliest?) pathway would be to use alts from its digital assets stockpile — i explain here pic.twitter.com/EcPGWlHRJe
— Alex Thorn (@intangiblecoins) April 20, 2025
Although he previously stated in the report “Cryptocurrency and Bitcoin Predictions for 2025” that the government would not buy Bitcoin directly this year, Thorn seems more optimistic given the current political context. The executive order signed by President Donald Trump that established the Bitcoin Strategic Reserve reinforces this expectation, consolidating a more receptive stance from the federal government towards cryptocurrencies.
Thorn believes that with the current administration promoting the United States as the “crypto capital of the world,” it is plausible that measures such as reallocating digital assets already held by the state could be adopted to increase exposure to BTC without breaking the budget. Such a strategy could strengthen Bitcoin’s institutional presence in American public policy and signal a move toward recognizing the asset as a store of value.
At the time of publication, the price of Bitcoin was quoted at US$87.430,74, up 4% in the last 24 hours.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SEC Delays ETF Decisions on Polkadot, Hedera, Bitwise

Decentralized AI Startup Secures $50M for Global Growth

MELANIA Token Faces Turbulence Amid Developer Sell-off

Shiba Inu Team Upholds Decentralization Amid Criticism

Trending news
MoreCrypto prices
More








