Most people only look at the positive side of these rumors and think about the dream scenario, forgetting one thing if this idea fails and cannot come true. That would be a huge blow to bitcoin and a dump would be inevitable. Everything about government and politicians is a double-edged sword, so let's lower our expectations when it comes to them.
Furthermore, we need to know that all these are just rumors or ideas of politicians. No formal proposal has been submitted to parliament for consideration, it is all just hype created by us.
Topic: Strategic Bitcoin Reserve threads (Read 29 times)
I think it will be big news if ever the US or the Trump administration will get the Bitcoin Reserve rolling. Because I'm seeing that there are more countries who are just keeping a low key with regards to this plan of the US.
But if this is going to be approved, I'm seeing a lot of countries who are going to follow the lead of the US, it will be a avalanche of small countries who will get their hands on Bitcoin as their option for a national reserve.
Worth noting though that El Salvador is ahead of the game already. And so is Bhutan, although not directly making Bitcoin in their reserves, but them being one of the biggest in terms of mining, they have taken advantage of Bitcoin already.
https://cointelegraph.com/news/bhutan-government-sells-66m-bitcoin-stash-price-tops-71k
But if this is going to be approved, I'm seeing a lot of countries who are going to follow the lead of the US, it will be a avalanche of small countries who will get their hands on Bitcoin as their option for a national reserve.
Worth noting though that El Salvador is ahead of the game already. And so is Bhutan, although not directly making Bitcoin in their reserves, but them being one of the biggest in terms of mining, they have taken advantage of Bitcoin already.
Quote
In 2023, Bitcoin mining revenue from Bhutan’s Druk Holding and Investments was used to fund a 50% salary increase for public servants in the country, according to local media reports.
https://cointelegraph.com/news/bhutan-government-sells-66m-bitcoin-stash-price-tops-71k
Since SBR (Strategic Bitcoin Reserve) is a hot topic this Trump introduce this in his election campaign and him winning the election, there seems to be a lot of nations around the world who wanted to follow his strategy.
Although it has some resistance from the US FEDS itself, but there a lot of hype on it already.
And wit that I gathered some of the threads, I might have missed a couple though, so don't hesitate to comment here so that I can update the thread. And maybe later we can go back and strikeout which has succeeded already. As you can see, it's all over, from Africa to Europe to South America
Although it has some resistance from the US FEDS itself, but there a lot of hype on it already.
And wit that I gathered some of the threads, I might have missed a couple though, so don't hesitate to comment here so that I can update the thread. And maybe later we can go back and strikeout which has succeeded already. As you can see, it's all over, from Africa to Europe to South America
- Everything you wanted to know about Bitcoin Strategic Reserve. by @fillippone
- Bitcoin national reserve plans in Africa countries by @Charles-Tim
- Just in: Russian Lawmaker proposes to create a strategic Bitcoin reserve by @Jating
- Switzerland may adopt bitcoin reserve but it may not be until 2026 by @_act_
- Just In: Brazil’s Congress Introduces Bill To Create Strategic Bitcoin Reserve by @Jating
- South African leader wanted Bitcoin and believed it will pay their debt by @btc_angela
- Bitcoin Reserve: what if the BRICS gets ahead of the USA.by @Lida93
- Just In: Swiss law maker says "Switzerland needs a Strategic Bitcoin Reserve!" by @Jating
- Chile nation-state mining lobbyist Andrés Villagrán pushing for Bitcoin reserve @btc_angela
Jump to: