Topic: Just In: Swiss law maker says "Switzerland needs a Strategic Bitcoin Reserve!" - page 3. (Read 447 times)
December 02, 2024, 10:09:24 AM
December 02, 2024, 09:31:42 AM
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.
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.
There you go. I don't know how reliable this news is. But if these things happen like how they planned, then Bitcoin will skyrocket starting next year. People like me who sold a thousand dollars at 93K will start to regret it. I cannot think of people who sold under 40K. I also heard that Ross will be free in January 2025 which may affect the Bitcoin market as well. FYI, Some people already created a token after Ross. LOL.
I don't know if they make statements just because they want some attention. Because we often hear positive news, but we don't see them getting implemented.
December 02, 2024, 08:18:39 AM
Investing in bitcoin is not a big risk, if the government of different countries are investing in gold as reserves for their national tresury, what do you really think makes investing in bitcoin more risky?
Gold has longer history than Bitcoin and Bitcoin price is more volatile than gold price. Managing a personal, company portfolio is easier than managing a national treasury, and countries have to be more careful with their national investment in Bitcoin. If anything is wrong with Bitcoin, like its price collapse, a national treasury will be in trouble, if Bitcoin is a main part of their national treasuries.Bitcoin is good for an investment portfolio but there are many things that affect decisions like invest or don't invest.
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December 02, 2024, 06:43:06 AM
https://x.com/samuelkullmann/status/1863336544305557661
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.
I think you might want to say that investing in bitcoin is more risky because the price of bitcoin is very volatile, well, for now, you may be right, but don't forget that if bitcoin eventually have the same or more liquidity, volume and market cap same as gold, the price will become more stable than it currently is, at that time, a person can sell up to 10 or 20 bitcoins at a go and the price won't show any sign that Bitcoin worth that huge amount was sold, same thing goes with buys as well.
And stepping away from that, I think we are yet to see the future of bitcoin, it is indeed becoming clear and clearer as each day passes, bitcoin is destined for greatness.
December 02, 2024, 06:33:07 AM
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.
~snip~
~snip~
I assume that you know that Switzerland is not part of the European Union or the Eurozone, and that it is a country where for years there have been very favorable laws and regulations when it comes to cryptocurrencies. However, I believe that here, as in the case of Brazil, it is just a matter of one man's wish and nothing more.
Besides, Switzerland is known for holding referendums on most important matters, and I'm not sure that most people in that country would answer positively to the question "should we have BTC in national reserves?" Most people are still skeptical when it comes to BTC, regardless of whether it is Switzerland or another country in Europe.
December 02, 2024, 06:19:26 AM
Only what we want is for United States to begin bitcoin strategic reserve. It will not be too late when Europe Union will consider such move in my opinion.
We do not agree on that. You only have to see how slow the EU bureaucracy is to become pessimistic. The only hopeful thing is that I don't think it is the EU that could consider having a reserve in the future, but the various states. And there I imagine that Germany would be the first and hopefully incite the FOMO among the rest.
December 02, 2024, 04:30:12 AM
I did quick research and it seems Samuel Kullmann (person on OP's screenshot) have history of supporting Bitcoin[1]. While it's good news, we currently don't know how many law maker who plan to support this idea. I also wonder how their current study on Bitcoin mining[1] would impact support towards this idea.
[1] https://cryptonews.com/news/swiss-lawmakers-study-bitcoin-for-power-grid-upgrade/.
[1] https://cryptonews.com/news/swiss-lawmakers-study-bitcoin-for-power-grid-upgrade/.
December 02, 2024, 04:29:23 AM
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.
I think you mean that it is felt in Europe and not EU. This is because Switzerland is not part of European union. 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.
Only what we want is for United States to begin bitcoin strategic reserve. It will not be too late when Europe Union will consider such move in my opinion. Just like you meant also, other countries will likely having bitcoin strategic reserve. But I think before United will do something like this, it has to be a bill passed by Donald Trump to the Senate. So Senate has to accept the bill, signed it and pass it back to Trump before something like that can happen. So I hope this will not be an issue for Trump. December 02, 2024, 03:54:42 AM
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.
December 02, 2024, 03:50:27 AM
https://x.com/samuelkullmann/status/1863336544305557661
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.
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