"U.S. Government's Probability of Introducing Bitcoin (BTC) Strategic Reserve Next Year is Less Than 10%"

Jeffrey Park, a portfolio manager and head of alpha strategies at Bitwise Asset Management, a virtual asset (cryptocurrency) asset management company and issuer of Bitcoin (BTC) spot exchange-traded funds (ETFs), stated on the 26th (local time) via his X (formerly Twitter) that "the probability of the U.S. government adopting Bitcoin as a strategic reserve by 2025 is less than 10%."

He further explained that "the introduction of a Bitcoin strategic reserve by the U.S. government is the only factor that could drive the BTC price above $1 million next year."

Meanwhile, BTC is trading at $96,159.46, down 2.13% from the previous day, as of 00:29 on the 27th, based on the Binance Tether (USDT) market.