Bitcoin reserves interest gains momentum across 5 continents

EluguHcman

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Quote from: Don Pedro Dinero on Today at 12:32:58 AM

Quote from: Btcalysis on January 14, 2025, 09:22:14 PM

You will see the better picture from this image

Well, no, because the image looks small and there is no way to enlarge it. I don't know where you got that map or if you made it yourself, but it seems a bit optimistic about bitcoin's strategic reserve projects. Enlarge the image and put a link to where you got it, come on, to see if we can see the details better.

The image size was actually large enough for me to view through maybe because I am zoomed sighted. Lol.
The image is actually confusing because I have hovered round to see the affirmed 5 continents that are pulling this momentum pressure of the Bitcoin reserved but I have find non. Such a nice graphic though 😀.
Op please if you are following up this thread do update with source of information so we can as well read interestingly likely on full details.

Most interesting is that Bitcoin is actually on revive currently as it is staggered to $100K today and drops again.
Holders are really excited again as it seems this move is aligning to give some moment greenish as hopeful.

Mia Chloe

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Like I always say, the whole thing is all profit driven. No country wants to be in debt and every country wants to improve their economic status via any of easily accessible means and taking a good look at how easy it is to make use of bitcoin , you should expect them to take advantage of it. It's actually simply just a matter of buying at a lower price and hodling for as long as possible.

If majority of these countries weren't aimed at taking advantage of bitcoin to build economic status then they would have long adopted it even before it's potential was obvious. You find out that before now many seized coins by most of these countries were sold off almost immediately.

Nwada001

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Quote from: Btcalysis on January 14, 2025, 09:22:14 PM

A day is coming when almost all the countries in the world will have bitcoin as a reserve.

No matter how popular Bitcoin becomes, and even if it has finally been approved by the president-elect, Donald Trump, and the USA makes the first step by adding it to their reserve, not all countries will agree to the idea publicly; almost all countries might have Bitcoin through seizure, but not all will be able to approve it as a reserve. If all go with that idea, that will eventually kill the traditional reserve method (gold).

yudi09

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Quote from: Btcalysis on January 14, 2025, 09:22:14 PM

You will see the better picture from this image

A day is coming when almost all the countries in the world will have bitcoin as a reserve.

Through data circulating, maybe we only know a few large countries that already have bitcoin as a reserve. Finally, I found out about the advice of a well -known person who was very active in discussing Bitcoin to big countries to sell gold and make bitcoin as a reserve.
But I am sure that in many countries in the world also already have Bitcoin which will be used as a reserve for hedge for the inflation of Fiat currency.

Faisal2202

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Quote from: Btcalysis on January 14, 2025, 09:22:14 PM

You will see the better picture from this image
-cut-
A day is coming when almost all the countries in the world will have bitcoin as a reserve.

Big players were already in the game except few, this is a sign that BTC will be adopted world wide and become a rival of Gold maybe cross it to easily if it got accepted as national reserve in the countries it is being considered. China, Japan and other developed countries if also adopt it as their national reserve or maybe Australia too but first we need this step made by USA.

If they will made this step then most of the other countries will follow USA. This will work like a domino effect and after one another they will accept crypto. Amazing thing is crypto might get legal again in my country too.

Zoomic

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Quote from: Btcalysis on January 14, 2025, 09:22:14 PM

A day is coming when almost all the countries in the world will have bitcoin as a reserve.

We can say for a few more countries not all not even close to all.

About 193-195 countries in the world, and yet none has fully except from El Salvador with the bold step, the rest are still to fulfil what they said, until it commence we can't add them to the list of ALMOST. Bitcoin is currently cheap, it should come to their knowledge that as time passes, price spike and some lows can never be touched again.

There is some hate for Bitcoin from countries that we do not talk about, this might remain close for ever or change but hence it is evident that the number of countries adopting Bitcoin will certainly increase but not to that multitude.

It is just a matter of time. Few years back, we all would really be doubting the possibility of the US even considering having a bitcoin reserve, especially looking back at the way Donald Trump handled crypto during his first tenure. Now see how far bitcoin has come and the number of countries and institutions trying to be part of the Bitcoin family. Nothing is really impossible with bitcoin. Yea in years to come the price must have skyrocketed and governments too will get tired of fighting Bitcoin. You would agree with me that the hate on Bitcoin has really reduced, let's just be optimistic and bear in mind that nothing is impossible.

Zlantann

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Quote from: Btcalysis on January 14, 2025, 09:22:14 PM

A day is coming when almost all the countries in the world will have bitcoin as a reserve.

All these Bitcoin strategic reserve considerations are because of the newly elected US president. The US is seen as a pacesetter to other Western countries. More nations will consider buying Bitcoin if Trump finally implements the reserve policy.

A few years ago Bitcoiners were seen as lunatics. They were mocked because many of them never believed that Bitcoin would become a generally recognized currency. When these critics observed that it had started gaining prominence, they tagged it as a currency for criminal activities. As they began to realize that Bitcoin is taking centre stage in the global financial system, they now want to be a part of it. This is just the beginning of the reign of Bitcoin.

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Quote from: ? on Today at 06:12:45 AM

Created a thread by only displaying an image, a few words & 2 sentences. Looking at the source of the image, I went straight to Cointelegraph & saw an article with the same title as this thread. It would be better if you made a reference to the original article, it allows other users on this forum to dive in & understand it further.

Source:
1. https://cointelegraph.com/news/bitcoin-reserves-interest-rising

Thank you for sharing the link with us. I thought I would see Bhutan in the list but it is missing. Bhutan mines bitcoin and already has adopted a crypto reserve maybe it is because they are a small country that is why they are not there as they may not have been able to generate enough buzz to get attention from the public. As for the United States, we are all getting ready to know what Trump has up his sleeves after January 20th.
If you want to read more about Bhutan, here is the link - Bhutan's Crypto Reserve Could Pave Way for Economic Growth in Other Countries

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Quote from: Btcalysis on January 14, 2025, 09:22:14 PM

A day is coming when almost all the countries in the world will have bitcoin as a reserve.

I don't know about that and is it really something good for the BTC network if almost all the countries in the world hold BTC as a strategic reserve, i don't think it is so good because the power of manipulation will be in the hands of centralized institutions and who can tell what they will do.

Take note that so many countries are not interested in the idea of a strategic BTC reserve and even the countries it has been mentioned, we are not yet sure if it will be implemented.

Callido

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Quote from: Btcalysis on January 14, 2025, 09:22:14 PM

A day is coming when almost all the countries in the world will have bitcoin as a reserve.

We can say for a few more countries not all not even close to all.

About 193-195 countries in the world, and yet none has fully except from El Salvador with the bold step, the rest are still to fulfil what they said, until it commence we can't add them to the list of ALMOST. Bitcoin is currently cheap, it should come to their knowledge that as time passes, price spike and some lows can never be touched again.

There is some hate for Bitcoin from countries that we do not talk about, this might remain close for ever or change but hence it is evident that the number of countries adopting Bitcoin will certainly increase but not to that multitude.

avikz

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Quote from: Btcalysis on January 14, 2025, 09:22:14 PM

A day is coming when almost all the countries in the world will have bitcoin as a reserve.

Well it's too early or a conclusion right now. But if majority of the countries actually start adding Bitcoin to their reserve, it will be a Doomsday for the decentralization of Bitcoin.

The common investors like you and I, will be at the mercy of these big players. Everything will require KYC and every single transactions will be tracked.

I am sure no one would want that!

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Quote from: Btcalysis on January 14, 2025, 09:22:14 PM

[snip]

A day is coming when almost all the countries in the world will have bitcoin as a reserve.

Bitcoin has huge potential but it's still hard for the government to understand it wholly.
Second, Bitcoin provide a vast benefits but it's still not the answer to every economic, and financial issue. If the government use it as their reserve while they lack the needed knowledge it is still a waste of resources.

For this reason with the volatility in nature of Bitcoin, I don't see the day the government will have Bitcoin as their only reserve we should expect them to have Bitcoin as 15% max of their reserve, and I expect the country to start it to be the US, or El-salvador.

uneng

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As fiat currencies lose purchasing power and governments don't know what to do anymore to maintain the economy on the rails, Bitcoin becomes a potential solution on long term. It's just unfortunate that governments are likely to become adopters before most average citizens do. Many people could have already started holding Bitcoin, even when their governments don't talk about it or discourage the adoption. However, most people only take a decision based on what the government encourages them to do.

Of course there are pros in governments adopting Bitcoin as strategical reserves, but there are also cons as consequences, like harsh regulations imposed over Bitcoin enthusiasts, besides the usual abusive taxation over profits made on BTC sales, which is a dream of every broken governments which aren't willing to cut their own expenses to maintain its functionality.

Alpha Marine

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Quote from: Btcalysis on January 14, 2025, 09:22:14 PM

A day is coming when almost all the countries in the world will have bitcoin as a reserve.

That day if it will ever happen will not be today. It's going to be a long time before countries start having a bitcoin reserve. Bitcoin is against everything they stand against so let's not get ahead of ourselves.
Decisions like this take time to happen. It will be deliberated before the bill can finally pass so let's not see it as something that will happen soon. I don't even think there's any country that has gotten to the advanced stages of this decision-making process.

This is one minor reason why I belive bitcoin can get to unbelievable prices in the future. By the time a country like the US finally agrees to have a bitcoin reserve, it will mean bitcoin price will soar exponentially because it will create a lot of demand.

?

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Created a thread by only displaying an image, a few words & 2 sentences. Looking at the source of the image, I went straight to Cointelegraph & saw an article with the same title as this thread. It would be better if you made a reference to the original article, it allows other users on this forum to dive in & understand it further.

Source:
1. https://cointelegraph.com/news/bitcoin-reserves-interest-rising

?

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Quote from: _act_ on Today at 03:42:11 AM

Quote from: Don Pedro Dinero on Today at 12:32:58 AM

Well, no, because the image looks small and there is no way to enlarge it. I don't know where you got that map or if you made it yourself, but it seems a bit optimistic about bitcoin's strategic reserve projects. Enlarge the image and put a link to where you got it, come on, to see if we can see the details better.

Probably it is the browser that you are using that is not able to enlarge it if what you are saying is true. But some browsers will still display 'show image' after you right click or long press on it.

At the lower left part of the image, Cointelegraph is written there. So the image is from Cointelegraph.

Nah, I can't do it from my side too.
But at least we know from where the image came.
As it was said - they are all plans, and the biggest one would come out from the US.

_act_

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Quote from: Don Pedro Dinero on Today at 12:32:58 AM

Well, no, because the image looks small and there is no way to enlarge it. I don't know where you got that map or if you made it yourself, but it seems a bit optimistic about bitcoin's strategic reserve projects. Enlarge the image and put a link to where you got it, come on, to see if we can see the details better.

Probably it is the browser that you are using that is not able to enlarge it if what you are saying is true. But some browsers will still display 'show image' after you right click or long press on it.

At the lower left part of the image, Cointelegraph is written there. So the image is from Cointelegraph.

ThemePen

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Quote from: stadus on Today at 12:49:18 AM

It’s too early to draw conclusions since it’s just a plan for now. The biggest news we’re waiting for is whether the US will actually pass a law to consider buying Bitcoin as a reserve. For now, the news we’ve heard is about them selling confiscated Bitcoins from the past, probably to close the books on those cases. Who knows, maybe the proceeds from those sales will be used to buy Bitcoin for reserves.

If this happens, it’s going to trigger FOMO, and I’m pretty sure everyone else will follow ..

That is good point we should wait and see what happens next before making any decisions. Idea of considering Bitcoin as reserve asset is very interesting and it is normal to wonder what might happen if it becomes reality. It is also interesting that they are selling Bitcoins that were taken away from people who broke law. Maybe money they get from selling those Bitcoins will be used to buy more Bitcoins for reserves. If that happens it could make many people want to invest in Bitcoin and other organizations might do same. For now let's just wait and see how things go.

GreatArkansas

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We should not be really comfortable with the "In the works" progress because even in the United States, it's still difficult for them. We know how complicated cryptocurrency in the country, and I believe the United States is playing big role in our current cryptocurrency market, it is already proven before.

stadus

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It’s too early to draw conclusions since it’s just a plan for now. The biggest news we’re waiting for is whether the US will actually pass a law to consider buying Bitcoin as a reserve. For now, the news we’ve heard is about them selling confiscated Bitcoins from the past, probably to close the books on those cases. Who knows, maybe the proceeds from those sales will be used to buy Bitcoin for reserves.

If this happens, it’s going to trigger FOMO, and I’m pretty sure everyone else will follow ..

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