Strategic Bitcoin Reserve threads | Bitcointalksearch.org

tottong

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Quote from: TravelMug on January 14, 2025, 05:09:14 PM

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.

For sure there will be resistance but there are many followers who may consider the mindset that Trump is trying to implement and I am sure there will be many future presidents who will try to adopt Trump's steps when the election comes.
Some say this is just a promise because it may not see much implementation for a planned agenda but when it does work then there will be greater adoption for other country leaders.

El Salvador may be the state that has made a big move on bitcoin and they are a great example of why bitcoin can be so useful for growth even though it does not implement a direct reserve pattern.
Then there is the analysis of economic growth for other countries by making the difference that El Salvador has achieved itself so that the conclusions that he will take based on other steps forward.

SilverCryptoBullet

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Quote from: Iranus on January 19, 2025, 08:50:08 AM

The 2018 bear season started with the collapse of many ICO/IDO... and the 2022 bear season started with the collapse of Luna, FTX, and for the 2026 bear season we also need a reason and I won't rule this out.

These bear markets began with Bitcoin, not with altcoins. Massacre in the market, with altcoin collapses are helpful for cryptocurrency market to dive deeply to its bottom, but it's not a start of any bear market.

In a next bear market, maybe reasons can be related to Coinbase or some other custodians of Bitcoin Spot ETFs in the USA. Coinbase dominates the Custodian market shares in Bitcoin Spot ETFs, and if Coinbase collapse, it will be very terrible for Bitcoin and cryptocurrency market. I don't think it will happen and I don't hope it will occur, but maybe smaller custodian entity might have problems and trigger a bear market.

Bitcoin Spot ETF Custodians by now have only 2 custodians: Coinbase and Gemini.

TravelMug

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I would like to add to add the State of Utah as well as Utah representative Jordan D. Teuscher one week ago introduces the Blockchain and Digital Innovation Amendments.

https://le.utah.gov/Session/2025/bills/introduced/HB0230.pdf

Baofeng

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Quote from: Iranus on January 19, 2025, 08:50:08 AM

Quote from: Baofeng on January 18, 2025, 04:32:03 AM

I wouldn't say that there will be a massive sell-off, some countries are still in the proposal stage, so nothing is concrete and they could be very well waiting for the US to lead the way before each nation will decide whether it's a go or no go.

Maybe it will have a effect on the price short term, but still we are in bull run year, so whatever happens to this Strategic Reserve plan, the price will still go on another run this year and we will see a new all time high. Or we should peak at maybe $150k. Everything still looks very positive to us.

If history repeats itself, we will enter bear season again this November and December and there will need to be a reason for the crash to begin. And what I mean is the hype around bitcoin reserves will get more intense in the coming months and will be the catalyst for a strong bull run. But then the US and other countries could declare that the idea of bitcoin reserves is not passed by the end of the year and we will enter a new bear season.

The 2018 bear season started with the collapse of many ICO/IDO... and the 2022 bear season started with the collapse of Luna, FTX, and for the 2026 bear season we also need a reason and I won't rule this out.

We shouldn't get ahead of ourselves though, yeah, for sure we will go on another bear market in 2026, and there could be reasons for it just like what the previous bear market was. There are things that we can't really foreseen and we can only reach once we get there. No one anticipated FTX collapse that time, it is one of the biggest exchange before it goes down.

So we are not sure what will be the reason for the 2026 bear season, it could be the whole Bitcoin Reserve falling us, or something big that will come. Presently though, it seems that this news is very positive for the market.

Iranus

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Quote from: Baofeng on January 18, 2025, 04:32:03 AM

I wouldn't say that there will be a massive sell-off, some countries are still in the proposal stage, so nothing is concrete and they could be very well waiting for the US to lead the way before each nation will decide whether it's a go or no go.

Maybe it will have a effect on the price short term, but still we are in bull run year, so whatever happens to this Strategic Reserve plan, the price will still go on another run this year and we will see a new all time high. Or we should peak at maybe $150k. Everything still looks very positive to us.

If history repeats itself, we will enter bear season again this November and December and there will need to be a reason for the crash to begin. And what I mean is the hype around bitcoin reserves will get more intense in the coming months and will be the catalyst for a strong bull run. But then the US and other countries could declare that the idea of bitcoin reserves is not passed by the end of the year and we will enter a new bear season.

The 2018 bear season started with the collapse of many ICO/IDO... and the 2022 bear season started with the collapse of Luna, FTX, and for the 2026 bear season we also need a reason and I won't rule this out.

Baofeng

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Quote from: Iranus on January 18, 2025, 03:58:26 AM

Quote from: Kelward on January 18, 2025, 02:49:04 AM

If eventually the reserve doesn't happen in America, after all the hype, the effect might be a massive dip and a discouragement for countries that were waiting for the US to test the waters first.

I'm not spreading Fud but did you ever think that the hype around strategic reserve bitcoin would be the biggest catalyst that brought this bull run to its peak but it would also be the factor that sent the market into a bear market later this year?

I know people are optimistic and believe that this will easily become a reality but in reality, this will be an extremely difficult task if not impossible. So the opposite scenario is also entirely possible.

If Trump fails to include bitcoin in the US reserves, other countries will abandon the idea immediately and a sell-off is inevitable. I wonder if anyone has thought of this scenario?

I wouldn't say that there will be a massive sell-off, some countries are still in the proposal stage, so nothing is concrete and they could be very well waiting for the US to lead the way before each nation will decide whether it's a go or no go.

Maybe it will have a effect on the price short term, but still we are in bull run year, so whatever happens to this Strategic Reserve plan, the price will still go on another run this year and we will see a new all time high. Or we should peak at maybe $150k. Everything still looks very positive to us.

Iranus

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Quote from: Kelward on January 18, 2025, 02:49:04 AM

If eventually the reserve doesn't happen in America, after all the hype, the effect might be a massive dip and a discouragement for countries that were waiting for the US to test the waters first.

I'm not spreading Fud but did you ever think that the hype around strategic reserve bitcoin would be the biggest catalyst that brought this bull run to its peak but it would also be the factor that sent the market into a bear market later this year?

I know people are optimistic and believe that this will easily become a reality but in reality, this will be an extremely difficult task if not impossible. So the opposite scenario is also entirely possible.

If Trump fails to include bitcoin in the US reserves, other countries will abandon the idea immediately and a sell-off is inevitable. I wonder if anyone has thought of this scenario?

Kelward

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Quote from: PremiumcryptoHub on January 16, 2025, 07:10:46 PM

Quote from: TravelMug on January 14, 2025, 05:09:14 PM

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

Currently we are seeing many people taking Bitcoin reserves, which could be bullish news for Bitcoin. The upward trend in Bitcoin price that we have seen in the last year may be due to the effect that the acceptance of Bitcoin reserves is increasing day by day. At the moment, the United States is leading the way in terms of Bitcoin reserves, with several states in the country already accepting Bitcoin reserves. We probably saw in a tweet that a total of 8 states in that country have already accept Bitcoin reserves.

By the way OP, I already made a thread maybe you should link it here too, as there was also a thread discussing Bitcoin Reserve.

Donald Trump Confirms Bitcoin Reserve Plans

Bitcoin reserve is a trending topic among crypto enthusiasts and it's attracting people who are not into cryptocurrency to find interest in the topic. America, is a pacesetter in global economy so a lot of people and countries are looking forward to seeing if Donald Trump, can be able to actualize his country's Bitcoin reserve. If the Bitcoin reserve happens in America, it'll make Bitcoin to be more bullish in this circle and many countries will follow their footstep. If eventually the reserve doesn't happen in America, after all the hype, the effect might be a massive dip and a discouragement for countries that were waiting for the US to test the waters first.

retreat

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Quote from: Zlantann on January 17, 2025, 08:35:16 AM

Spot Bitcoin ETF and Bitcoin Strategic reserve will drive Bitcoin to centralization. I have thought about the influence the government and big corporations will have over the market if they successfully grab some large chunk of the coin. But there is nothing you or I can do about it. You cannot stop people from selling them at a given price and there is no way to restrict the government from buying. We will just have to enjoy decentralization as long as it lasts until the market becomes under the control of these centralized institutions.

Strategic reserve is now a hot topic not just in the crypto industry but the global financial system. Well done OP for the compilation.

I agree with what you said that ETFs and Bitcoin reserves will only make Bitcoin more centralized, but that's when Bitcoin is accessible to everyone, meaning that large institutions or governments can enter and exit at any time they want. And in facing this, Bitcoin holders must understand market dynamics and not be easily influenced by market speculation. Investing in a longer period is more recommended to secure more certain profits than just investing in the short term where the price direction can be more unpredictable.

Wind_FURY

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Quote from: Zlantann on January 17, 2025, 08:35:16 AM

Quote from: Z-tight on January 16, 2025, 10:10:13 AM

Do we want so many countries to have BTC strategic reserves? Is it actually a good thing if nearly every country has a BTC strategic reserve. I have been thinking about that, i know that it will pump the price of BTC, but doesn't it mean that centralized governments will be controlling a large percent of BTC and it gives them the 'power' to manipulate the price.

Spot Bitcoin ETF and Bitcoin Strategic reserve will drive Bitcoin to centralization. I have thought about the influence the government and big corporations will have over the market if they successfully grab some large chunk of the coin. But there is nothing you or I can do about it. You cannot stop people from selling them at a given price and there is no way to restrict the government from buying. We will just have to enjoy decentralization as long as it lasts until the market becomes under the control of these centralized institutions.

Strategic reserve is now a hot topic not just in the crypto industry but the global financial system. Well done OP for the compilation.

Although that's true, what could we the plebs, the developers, the economic majority, the miners, and the other participants in the network do? Bitcoin is a permissionless system. Everyone could enter the system if they do want it.

¯\_(ツ)_/¯

Peter Todd's debate for a "fix" is to remove the supply cap and introduce some sort of tail reward, which solves the "centralizing to big HODLers" issue, and it continued block rewards pays for the security budget.

Josefjix

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yes

Quote from: Zlantann on January 17, 2025, 08:35:16 AM

Quote from: Z-tight on January 16, 2025, 10:10:13 AM

Do we want so many countries to have BTC strategic reserves? Is it actually a good thing if nearly every country has a BTC strategic reserve. I have been thinking about that, i know that it will pump the price of BTC, but doesn't it mean that centralized governments will be controlling a large percent of BTC and it gives them the 'power' to manipulate the price.

Spot Bitcoin ETF and Bitcoin Strategic reserve will drive Bitcoin to centralization. I have thought about the influence the government and big corporations will have over the market if they successfully grab some large chunk of the coin. But there is nothing you or I can do about it. You cannot stop people from selling them at a given price and there is no way to restrict the government from buying. We will just have to enjoy decentralization as long as it lasts until the market becomes under the control of these centralized institutions.

The government of a country buying crypto periodically will certainly affect the price positively and negatively, they are equally known as the whales if you take a look closely which can influence the market in the way they want? I don't think so. The market already works with demand and supply, so if there are many executed volumes of buy order, then we should just expect a price increase of Bitcoin everyday.

Another point is that, what should we expect if a pandemic would happen and the government of all Bitcoin reserve countries sells off their reserved assets, can we survive the bear market that would arise that time? I think the strategic is both positive and negative to the market, imo

Callido

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Quote from: Z-tight on January 16, 2025, 10:10:13 AM

Do we want so many countries to have BTC strategic reserves? Is it actually a good thing if nearly every country has a BTC strategic reserve. I have been thinking about that, i know that it will pump the price of BTC, but doesn't it mean that centralized governments will be controlling a large percent of BTC and it gives them the 'power' to manipulate the price.

All governments cannot be the same, there will be those to manipulate the price of Bitcoin same with those who wouldn't try something like that, definitely will be a balance between both sides.

Even if governments should take Bitcoin as reserves and tries to manipulate it's volatility, the worst is having a big fall which is temporal and actively the government can not hold the bigger percentage of Bitcoin circulated, individuals and whales can also contribute to the market positively after the governments must have manipulated the price to slash heavily.

Franctoshi

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Quote from: Zlantann on January 17, 2025, 08:35:16 AM

Quote from: Z-tight on January 16, 2025, 10:10:13 AM

Do we want so many countries to have BTC strategic reserves? Is it actually a good thing if nearly every country has a BTC strategic reserve. I have been thinking about that, i know that it will pump the price of BTC, but doesn't it mean that centralized governments will be controlling a large percent of BTC and it gives them the 'power' to manipulate the price.

Spot Bitcoin ETF and Bitcoin Strategic reserve will drive Bitcoin to centralization. I have thought about the influence the government and big corporations will have over the market if they successfully grab some large chunk of the coin. But there is nothing you or I can do about it. You cannot stop people from selling them at a given price and there is no way to restrict the government from buying. We will just have to enjoy decentralization as long as it lasts until the market becomes under the control of these centralized institutions.

Strategic reserve is now a hot topic not just in the crypto industry but the global financial system. Well done OP for the compilation.

You're right, The government likes to control everything and Bitcoin isn't gonna be out the picture, since Bitcoin is anti-central control system of the government. They've used various avenues to try to bring it down, yet the true decentralization of Bitcoin has made this difficult for government to control Bitcoin totally, Therefore, the only option they've got to try to gain more control over Bitcoin is to adopt and buy large amount of Bitcoin, to be able to control the demand and supply side with pouring their Billions of dollars into the market and with some of their economic policies.

Lastly, Op there is no way that countries will sit and fold their hands and watch US go Bitcoin way without them following suit
A lot of them we aren't aware are just waiting on the sideline for the implementation of this strategic reserve to take a step.
The bottom line is that, it's in the advantage of early adopters of Bitcoin, while the government comes in to buy more millionaires will be printed without dependency on government and you and I are already benefiting.

tbct_mt2

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Quote from: Zlantann on January 17, 2025, 08:35:16 AM

Spot Bitcoin ETF and Bitcoin Strategic reserve will drive Bitcoin to centralization. I have thought about the influence the government and big corporations will have over the market if they successfully grab some large chunk of the coin. But there is nothing you or I can do about it. You cannot stop people from selling them at a given price and there is no way to restrict the government from buying. We will just have to enjoy decentralization as long as it lasts until the market becomes under the control of these centralized institutions.

Centralization you means is about Bitcoin distribution centralization, but it's not related to centralization / decentralization of Bitcoin network in hashrate. It's a totally different matter and I believe that Bitcoin network decentralization will be maintained well with time.

Manipulation exists in all markets and it makes sense if Bitcoin market is not an exemption. Bigger adoption, more institutional investors join, governments join, hence more bitcoins will be accumulated by big whales and they will try to pull manipulative cards for their benefits. As retailed investors, we can hold our bitcoin tight and wait for their manipulation upwards to get profit. If they manipulate price downwards, we can buy dips and accumulate more bitcoins. Just don't sell our bitcoin cheap to institutional investors.

Bitcoin Rich List will change a lot with appearances of Bitcoin Spot ETFs, many new institutional investors and government reserves in future.
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

Zlantann

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Quote from: Z-tight on January 16, 2025, 10:10:13 AM

Do we want so many countries to have BTC strategic reserves? Is it actually a good thing if nearly every country has a BTC strategic reserve. I have been thinking about that, i know that it will pump the price of BTC, but doesn't it mean that centralized governments will be controlling a large percent of BTC and it gives them the 'power' to manipulate the price.

Spot Bitcoin ETF and Bitcoin Strategic reserve will drive Bitcoin to centralization. I have thought about the influence the government and big corporations will have over the market if they successfully grab some large chunk of the coin. But there is nothing you or I can do about it. You cannot stop people from selling them at a given price and there is no way to restrict the government from buying. We will just have to enjoy decentralization as long as it lasts until the market becomes under the control of these centralized institutions.

Strategic reserve is now a hot topic not just in the crypto industry but the global financial system. Well done OP for the compilation.

jcojci

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It seems the presence of Bitcoin attract more countries to explore Bitcoin as a strategic asset. You can check this article:

https://www.forbes.com/sites/digital-assets/2025/01/03/nations-states-turn-to-bitcoin-as-a-strategic-reserve-asset/

We can say that this year will be the year of Bitcoin where that can effect to the Bitcoin price to surge higher. I am interested with the last sentence on that article which saying:

Quote

In 2025, the question is no longer if bitcoin will be part of national reserves or shape geopolitics, but how much it will play a central role in future economic strategies.

PremiumcryptoHub

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Quote from: TravelMug on January 14, 2025, 05:09:14 PM

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

Currently we are seeing many people taking Bitcoin reserves, which could be bullish news for Bitcoin. The upward trend in Bitcoin price that we have seen in the last year may be due to the effect that the acceptance of Bitcoin reserves is increasing day by day. At the moment, the United States is leading the way in terms of Bitcoin reserves, with several states in the country already accepting Bitcoin reserves. We probably saw in a tweet that a total of 8 states in that country have already accept Bitcoin reserves.

By the way OP, I already made a thread maybe you should link it here too, as there was also a thread discussing Bitcoin Reserve.

Donald Trump Confirms Bitcoin Reserve Plans

Alphakilo

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Thank you for compiling this.

The discussion on strategic bitcoin reserves has been gaining a lot of strong momentum globally and in the forum. There is a topic coming up almost every day on it. I wish to see a singular thread where any new development on the Strategic Bitcoin Reserve would be discussed. We have something just like that for the El Salvador bitcoin discussion. If we have that, it makes it easier to track the conversations instead of having to go from one topic to another.

Wind_FURY

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Quote from: Z-tight on January 16, 2025, 10:10:13 AM

Do we want so many countries to have BTC strategic reserves? Is it actually a good thing if nearly every country has a BTC strategic reserve. I have been thinking about that, i know that it will pump the price of BTC, but doesn't it mean that centralized governments will be controlling a large percent of BTC and it gives them the 'power' to manipulate the price.

Different people will have different opinions, and our opinions will neither be wrong nor right. Because Bitcoin functions as a permissionless system that's open for EVERYONE, then we probably should be agnostic. What would it matter if the system was designed for our opinions not to matter?

Z-tight

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Wheel of Whales 🐳

Do we want so many countries to have BTC strategic reserves? Is it actually a good thing if nearly every country has a BTC strategic reserve. I have been thinking about that, i know that it will pump the price of BTC, but doesn't it mean that centralized governments will be controlling a large percent of BTC and it gives them the 'power' to manipulate the price.

tbct_mt2

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Quote from: Swordsoffreedom on January 16, 2025, 08:11:18 AM

I think making bitcoin a national reserve is different from making bitcoin an alternative currency/payment method. Governments are looking to use bitcoin as an asset class more like gold than a currency. Also, using bitcoin as a currency or payment method would be a very different matter as it could impact country's currency, unlike using it as a national reserve. And I don't think governments would like that.

Basically governments don't like Bitcoin and don't want to make it as their national reserves, because it affects their fiat currencies or CBDCs. It can be a snowball with small countries want to try like El Salvador, Bhutan, then several big countries want to try. After several years, the snowball starts with many countries and it becomes unstoppable, irreversible.

Quote

Not to mention, will people actually be interested and accept using bitcoin as a payment method? From what is going on, it is easy to see that most people just want to accumulate as much as possible and hope to get rich from it. No one wants to spend their bitcoins and many consider it a waste. I am not optimistic about the idea of using bitcoin as an alternative payment method.

A payment method is only one of many use cases for Bitcoin. People can use Bitcoin with many use cases and they don't need to use their bitcoin in a same way. If they can access their bitcoin, make a transaction and there are miners to confirm it, there are many types of deal with Bitcoin as a middle mean to compete those deals financially.

The bullish case for Bitcoin is a book, with insightful information on Bitcoin, fundamentals to different bullish scenarios for it in future.

Swordsoffreedom

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Quote from: avp2306 on January 16, 2025, 06:26:24 AM

Hopefully with this developments we can see Bitcoin to be used as alternative option to use to buy goods on those first world countries down to smaller ones.

I think making bitcoin a national reserve is different from making bitcoin an alternative currency/payment method. Governments are looking to use bitcoin as an asset class more like gold than a currency. Also, using bitcoin as a currency or payment method would be a very different matter as it could impact country's currency, unlike using it as a national reserve. And I don't think governments would like that.

Not to mention, will people actually be interested and accept using bitcoin as a payment method? From what is going on, it is easy to see that most people just want to accumulate as much as possible and hope to get rich from it. No one wants to spend their bitcoins and many consider it a waste. I am not optimistic about the idea of using bitcoin as an alternative payment method.

NotATether

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Quote from: btc_angela on January 15, 2025, 01:51:48 AM

There is also this article about nations on their stance on it,

Whoever made that image should really consider swapping the colors used for the land and the ocean, because I was staring at that map for a few seconds trying to make sense of it and wondering why do all the countries look funny Cheesy

but it turned out I was just looking at oceans.

Quote from: btc_angela on January 15, 2025, 01:51:48 AM

There's a long way to go though, I would agree that all eyes is on the Americans here. If Trump can make FED accept it, it will definitely have the domino effects on those aforementioned country and for sure most of them are going to accept it and see Bitcoin as a reserve and a hedge against inflation.

It's going to be send shockwaves if he does manage to do it and everyone's going to want to copy him.

Jating

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You might also include Malaysia as well,

https://x.com/DocumentingBTC/status/1879550589493027311

And I think countries like Malaysia and others in the South East Asia region will really benefited from making Bitcoin in their national reserves. So let's see who's next, we can only dream that our country will also think about it as this is the new order in the financial world and everyone doesn't want to be left behind.

FortuneFollower

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Quote from: TheUltraElite on January 16, 2025, 04:31:21 AM

I read the news that Oklahoma has declared strategic reserve bill for bitcoin. This is a great news for the future of bitcoin in terms of its adoption and mainstream use.

If the governments and the politicians running them are into bitcoin in this manner, in the next few months things can change drastically making bitcoin an extremely bullish sector.

Maybe in future the dream of being able to spend bitcoin seamlessly on POS machines on the local grocery stores and online e-commerce will finally be realized.

I hope that other countries follow suit as well.

Oklahoma, Texas, you name it. I also heard something about Florida.
The Reserves Renaissance is happening Grin

avp2306

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Quote from: TravelMug on January 14, 2025, 05:09:14 PM

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

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

Expect that many discussion about Bitcoin reserve will rise since to many people speculating about this situation and to many countries also state are now interested to implement it. Not that many of them got interest of Bitcoin then provably that this will lead to increase more demand for Bitcoin.

More country is interested with this idea now https://coindcx.com/blog/coindcx-news/global-momentum-countries-exploring-bitcoin-reserves-in-2025-15-january-2025/ and provably more to come.

Hopefully with this developments we can see Bitcoin to be used as alternative option to use to buy goods on those first world countries down to smaller ones.

TheUltraElite

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So anyway, I applied as a merit source :)

I read the news that Oklahoma has declared strategic reserve bill for bitcoin. This is a great news for the future of bitcoin in terms of its adoption and mainstream use.

If the governments and the politicians running them are into bitcoin in this manner, in the next few months things can change drastically making bitcoin an extremely bullish sector.

Maybe in future the dream of being able to spend bitcoin seamlessly on POS machines on the local grocery stores and online e-commerce will finally be realized.

I hope that other countries follow suit as well.

Catenaccio

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Before nations and their governments do things from ideas for National Strategic Bitcoin Reserves to actually execute it, you can follow up some websites and get information about National Bitcoin Treasuries, that are different than Strategic Bitcoin Reserves because they can sell those seized bitcoins easily if they don't have plans for National Strategic Bitcoin Reserves.

I did not check all sites, but a following website has a specific page for Government Treasuries. In future, I believe there will be many websites for National Strategic Bitcoin Reserves.
Some world maps for Bitcoiners.
https://newhedge.io/bitcoin/government-treasuries

btc_angela

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There is also this article about nations on their stance on it,

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

There's a long way to go though, I would agree that all eyes is on the Americans here. If Trump can make FED accept it, it will definitely have the domino effects on those aforementioned country and for sure most of them are going to accept it and see Bitcoin as a reserve and a hedge against inflation.

Maybe if US is going to print a lot of money, then who knows, those money might go on it's Bitcoin reserve.

So for now, it's really complex and it depends on the broader U.S. financial policy frameworks.

Smack That Ace

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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.

Jating

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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.

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

TravelMug

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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 with 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

Topic: Strategic Bitcoin Reserve threads (Read 356 times)