Topic: Everything you wanted to know about Bitcoin Strategic Reserve. - page 4. (Read 3516 times)

Yes it is true that you don't have to wait for the price to drop to buy bitcoins, you can enter the market and buy bitcoins at any time according to your own ability i.e. with your own income.

But you mentioned that the US bought $47 million dollars worth of bitcoins, did you notice they didn't buy bitcoins, the US bought $47 million dollars worth of WBTC bitcoins. It should be understood that BTC and WBTC are not the same. Bitcoin is real decentralized while wbtc is ethereum based decentralized. Take a look at this tweet from Max Keiser, I hope you can understand the difference between the two.


https://x.com/maxkeiser/status/1881408853004128337?t=Ai9OLk2bbgi57B1FK1eFAA&s=19

The 47th President of the United States bought $47 million worth of Bitcoin when it was worth $100k+. He set an example that you don't have to wait for the price to drop to buy Bitcoin. If you have a long-term plan, you can buy it even during a bull market

Utah State Rep Jordan Teuscher introduces Strategic Bitcoin Reserve legislation 🇺🇸


https://x.com/BitcoinMagazine/status/1881470037963518440?t=Xgwg4AtmU0RnBD5RIAo5mA&s=19

So, contrary to my expectations, no BSR on the first day.
The last chance is that something is amongst the 100+ executive orders Trump will sign on the first day.
Or maybe tomorrow?
Or maybe, like every possible politician on planet Earth, he's going to disappoint.

Many thanks again to fillippone for a great and interesting topic and articles!
I made translations into Ukrainian and Russian:

https://bitcointalksearch.org/topic/m.64959519
https://bitcointalk.org/index.php?topic=5526666.new#new

JUST IN: 🇺🇸 $3.6 billion Rumble CEO says, “On Friday, Rumble $RUM made its first ever purchase of #Bitcoin.”

“It won’t be the last.”



https://x.com/BitcoinMagazine/status/1881332035895402780?t=32rEuD6WXL1pgV1KtCUKLA&s=19

Did you just text-spin this article? By turning "crypto" into "cryptos", you even changed the meaning.

An Italian lawmaker has urged Italy's banking foundations to buy bitcoin, arguing that such investments could bolster support for the country's leading cryptos. In an interview, Italian parliamentarian Marcello Coppa said that "banking foundations should dip their toes into bitcoin by allocating a small portion of their income to digital assets in order to reap the potentially significant returns on their investments."

The Bitcoin Foundation's investment could boost public support for the currency. Coppa said on Friday that "we can start from where the risks are low and any positive test cases can be used as examples and case studies."

Coppa also said that it would not be science fiction if the United States were to hold bitcoin in its national reserve. But he sees little chance of such an event happening in Italy within months.

Link to the full news: https://decrypt.co/301689/italian-lawmaker-urges-banking-foundations-to-buy-bitcoin

I think they gather enough signatures from people that's why they already on planning stage to make it happen. I don't know how ready they are upon dealing with volatility of Bitcoin and hopefully they know what to do in terms of market correction happen. Also guess they don't want to be left behind for those many countries showing their interest about Bitcoin strategic reserve so lets see what will happen and if they fully implement it. I guess they are also waiting for Trump move since if US will finalize everything. Future is exciting so let see what will happen next.

But anyways its good that more countries has announce or show their interest to have their own Bitcoin strategic reserve since this is helpful to the industry and it makes more bitcoin more valuable also more stronger asset in the world.

I don't know how familiar you are with the Swiss national legal system, but they decide everything by popular vote.
This goes from highly technical votes on bank reserve ratios to Bitcoin strategic reserves to cow horns' pruning regulations.

Having said that, it is a good thing they are trying to front-run the FED, as once the US give it a start, it will be nation-state FOMO.

Switzerland Plans to Embrace Bitcoin Reserves with National Vote.

Switzerland is preparing to adopt Bitcoin reserves due to the increased acceptance of cryptocurrencies influenced by Donald Trump’s progressive policies. Proponents of cryptocurrency suggest adding Bitcoin to the list of reserve assets alongside the dollar, euro, and gold. This initiative is expected to grant Bitcoin legal recognition in the European country.

Switzerland is a leading country in cryptocurrency adoption and advancements in blockchain technologies. The country’s favorable regulatory framework and advanced technologies contribute to the growth of its crypto ecosystem. The region known as the “Crypto Valley” and blockchain-focused education are turning Switzerland into a global crypto hub.

If Bitcoin reserves are accepted, Switzerland’s potential as a global financial leader may increase. However, the high volatility of Bitcoin and security concerns raise questions about the sustainability of this move.
here is the full news: https://en.coin-turk.com/switzerland-plans-to-embrace-bitcoin-reserves-with-national-vote/

No no, I doubt you are a party poop. It is more likely the Bitcoin growth to 100K a second time is giving me a Napoleon mindset. How can cold weather possibly stop us now?

The countries you mention here are not actually countries, as they are a state of the country. And the eight countries you have mentioned here are the names of different states of the United States. Ten states in this country have accepted bitcoin reserves, almost every day US states are accepting bitcoin reserves. Previously, Wyoming had a Bitcoin reserve, which was their ninth state.

Today, another US state holds bitcoin reserves. The US state of Arizona also has a Bitcoin reserve. The strategic importance of Bitcoin is ever-increasing in the current time.

Hahahahaha

You are so funny to be declaring victory so soon.

Sure, things seem to be going in favor of current BTC HODLers, yet I really doubt that we are up for "a walk in the park," but hey maybe I am just a wee bit more of a party poop than you?  Perhaps? perhaps?

I just hate to be counting too many chickens before they are hatched... but yeah, the momentum is in the right direction, we have ONGOING and persistent bashing of bitcoin, while at the same time multiple governments and institutions trying to figure out their bitcoin reserve..   it is hard to even imagine more favorable talking points, even a year ago, many of us probably could not have imagined the quantity of proposals being batted around, and sure Microsoft rejected theirs, but still they are being proposed in so many locations, so it is difficult to imagine how so many of these proposals are not going to continue to result in ongoing and persistent demand on the corn.. including making sure that the corn is not fake corn, too.. even though there might end up being some rug pulls of sovereign entities and fairly large institutions, too... which surely justifies those of us continuing to hold our corn in self-custody, and take care not to have our keys burnt in a fire or something like that.


Exactly.  Fuck around and find out.  hahahahaha

King daddy is not likely to be too gracious (or forgiving) to the dumb twats getting caught on the wrong side of that trade (practice).

The end of fiat will be slow but inevitable. Goodbye fiat. Satoshi will be the new dollar. 1 Sat = 1 Dollar.

Talk about to the moon.

yeah 👍 you are likely correct.✅ too bad.

I don't believe central banks or governments are giving up on their lucrative fiat money. I expect them to push fractional reserve Bitcoin in the long run long instead of giving up their power over money creation.

Publicly Traded U.S. Crypto Miners Double Bitcoin Holdings to Almost 100K in a Year.



Link: https://www.coindesk.com/markets/2025/01/17/publicly-traded-u-s-crypto-miners-double-bitcoin-holdings-to-almost-100-k-in-a-year

It's time for Texas to lead the way in establishing a Strategic Bitcoin Reserve. That’s why I filed SB 778, which, if passed and signed into law, would make Texas the first state in the nation to establish a Strategic Bitcoin Reserve. This would position our state at the forefront of the digital economy, driving growth and securing economic freedom for our great state! #txlege
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The best time to reserve Bitcoin is now, now any organization or country can decide to deposit its current Bitcoin. However, all organizations or individuals should pay attention to MicroStrategy company, they have reached the peak of success by holding the most Bitcoin at the present time.
According to Saylor's principle, the person who invests in Bitcoin will definitely reach the peak of success, because Bitcoin investment is the most important means to reach the peak of success.

Man this is so cool that this is happening in our lifetime. Bitcoin is going to be globally dominant in the near future. Fiat will will be perpetually in second place, if it still exists then.