Topic: Just In: Swiss law maker says "Switzerland needs a Strategic Bitcoin Reserve!" - page 2. (Read 447 times)

That's right, and it has yet to make an impact on the price. 2025 is when states will start buying en masse, so it looks to be a very bullish year. I am quite pessimistic about the EU, maybe in Germany they will be the first to think of something but in the rest of the countries the politicians are not aware of any of this. I suppose that when they see dozens of countries creating strategic reserves they will have no choice but to do the same.

We do not know if both Switzerland and Brazil will eventually create a strategic BTC reserve, there is nothing concrete right now. There is a larger chance of getting a BTC strategic reserve in the U.S. than either in Brazil or in Switzerland, because the idea is being pushed by their president-elect, but we'll see.

No matter the side you are on, you cannot deny that news like this is good publicity for BTC. Even if the idea does not eventually become a reality, it is obvious that more and more institutions and countries can now see the utility of BTC.

That is too much. I don't think the commission thing is true. At least I haven't heard that from any reliable source. So, I am not sure if I should believe that.

Both. I needed some money and I had a plan to cash some profit once we reached the 100K price. Even though we did not reach the 100K price range, I decided to sell because 90K+ is a good price. Moreover, I needed some money. The important thing is, I did not sell my whole holdings. I have a couple of thousand dollars which is not small for me. I am okay with that. But I may regret it in the future.

Why did you sell? Did you need the money or did you think that was the maximum price we would reach in this bull run? And what about those that sold for $30k or less?

I also heard that as soon as he comes out, they will re-establish Silk Road and that a percentage of the profits will be given to Mr. Donald and his team. Business will flourish, at least for the next 4 years

And so the Trump effect is still in the air, this time it is being felt in EU as one member of the Swiss parliament is pushing Bitcoin as a strategic reserved.

In relation toJust In: Brazil’s Congress Introduces Bill To Create Strategic Bitcoin Reserve, it seems that many countries as going to go full Bitcoin and willing to take that big risk and invest on it.

It's just a declaration and we know how some of these Bitcoin enthusiasts can get ahead of themselves and make such suggestions but don't have the ability to make it work.
Kullmann is a member of the Swiss parliament but for Switzerland to have a strategic Bitcoin reserve, more force would need to be applied other than this statement from Samuel Kullmann.
 

BIS: Major Banks to Disclose Crypto Holdings from 2025
    The global banking regulators have proposed standardized crypto disclosure for the industry.
    BIS aims to enhance market transparency and investor confidence.

The global banking regulators have taken a significant step towards increasing transparency in the financial sector. The Basel Committee, comprising banking regulators from major global financial hubs, has introduced a proposal to enforce standardized disclosure of crypto assets by major banks starting from January 2025.

This move aims to bolster "market discipline" by offering investors a comprehensive view of banks' crypto holdings and activities. The Basel Committee, one of the Bank for International Settlements' (BIS) committees, took this step after establishing new rules in December last year that dictate the amount of capital banks must maintain to cover various categories of crypto assets.
BIS' Crypto Asset Reporting Framework

According to a statement on BIS' website, the Basel Committee has released a new framework for public consultation, outlining how banks should report their crypto asset holdings to the public.

According to the proposal, banks must provide qualitative and quantitative information regarding their dealings with crypto assets. This information will encompass details on their exposure to crypto assets, the corresponding capital and liquidity requirements, and the activities related to these digital assets.

The Basel Committee stated: "Banks would also be required to provide details of the accounting classifications of their exposures to crypto assets and crypto liabilities. The committee expects that a common format for disclosures will support the exercise of market discipline and help to reduce information asymmetry between banks and market participants."

And so the Trump effect is still in the air,

And so the Trump effect is still in the air, this time it is being felt in EU as one member of the Swiss parliament is pushing Bitcoin as a strategic reserved.

In relation toJust In: Brazil’s Congress Introduces Bill To Create Strategic Bitcoin Reserve, it seems that many countries as going to go full Bitcoin and willing to take that big risk and invest on it.

Switzerland going quicker than the US, okay! But talking about the BRICS, bitcoin is the least of their worries from where they stand. May be they could be the least of all unions to adjust towards making bitcoin as asset reserve which would be until their course is achieved. Consequently, Switzerland taking a move of this kind as proposed by their lawmaker would trigger more sorrounding countries in the adoption process should they start seeing positive impact in these countries economy with bitcoin. El Salvador a good example with what they have profited since the country adopted bitcoin as investment asset.