New York, NY – Speculation surrounding the adoption of Bitcoin in the United States is on the rise, with growing anticipation about potential government involvement. Despite this enthusiasm, Bloomberg estimates that there is only a 30% likelihood of Bitcoin being added to strategic reserves by Washington in 2025.
Recent reports have surfaced suggesting that China may have sold approximately $20 billion worth of seized Bitcoin holdings. The surge in Bitcoin’s dominance in 2025 has been attributed to President Donald Trump’s re-election and the increasing speculation around U.S. government adoption.
Senator Cynthia Lummis has raised concerns about a potential U.S. Bitcoin acquisition leading to geopolitical competition, especially with China. This discussion has sparked intense debate within the crypto community.
Longtime Bitcoin critic Peter Schiff has also weighed in on the situation, suggesting that the Chinese government may have sold off their Bitcoin holdings earlier in the year. This speculation arose after reports indicated that China had offloaded seized BTC assets from the 2019 PlusToken Ponzi scheme.
Despite Bitcoin’s growing prominence in global finance, major economies such as Japan and South Korea remain skeptical of incorporating it into their reserves. This hesitancy contrasts with China, which holds the second-largest government Bitcoin stash globally, following only the U.S.
As Bitcoin’s value struggles to stay above $90K, recent fluctuations have led to mounting unrealized losses for short-term holders. While some view this as a pivotal moment in the market cycle, historical trends suggest that these phases are often temporary cooldowns rather than long-term reversals.
As the market correction continues, it is crucial to monitor Bitcoin’s key support levels and overall macroeconomic conditions. This period of uncertainty could potentially serve as a reset before the next anticipated bull run.