U.S. Strategic Crypto Reserve Plan Falls Out of Favor: From 60% Confidence to Complete Pessimism

[Crypto World] Back in March this year, the US government issued an executive order—to build strategic Bitcoin reserves and digital asset reserves, even mentioning coins like ETH, XRP, SOL, and ADA. It sounded pretty impressive, but looking at it now, the whole thing is basically dead in the water.

Where did it go wrong? The order didn’t actually authorize the government to buy crypto, didn’t allocate any budget, and didn’t establish a regulatory framework. The so-called funding source was just assets seized from investigations, plus some vague “budget-neutral strategies”—in plain terms, it was just pie in the sky.

The trading data on Polymarket is even more telling. Early last year, over 60% of people were confident that a decent BTC reserve could be built by the end of the year, but by December, that number dropped to just 2%. Expectations for XRP and ETH reserves fell apart the same way.

Analysts’ doubts are pretty grounded: without congressional support or matching infrastructure, how can this even be implemented? The market has already voted with its feet—basically no one believes it’ll happen by 2025. From policy hype to market skepticism, that’s quite the reversal.