Crypto banking group Sygnum said regulatory clarity in the United States could unlock a new wave of blockchain adoption next year.
The firm said the proposed CLARITY Act and potential Bitcoin Act could pave the way for sovereign Bitcoin reserves.
Sygnum predicted that at least three G20 or G20-equivalent economies will publicly add Bitcoin to national reserves.
The report said clearer US rules could strengthen global confidence in Bitcoin as a treasury asset.
Sygnum said early adopters could benefit from Bitcoin’s economic model, creating urgency among governments.
“Once peer competition emerges, reserve diversification becomes a game-theoretic race rather than a philosophical debate,”
The report said.
The firm identified Brazil, Japan, Germany, Hong Kong and Poland as potential early adopters facing currency or policy pressures.
Lawmakers in Brazil, Hong Kong, Japan, Germany and Poland have previously proposed or debated national Bitcoin reserves.
Sygnum estimated sovereign allocations could remain below one percent of total reserves but still carry a strong signalling effect.