BREAKING NEWS: FRANCE WILL BUY $48 BILLION IN BITCOIN
French lawmakers introduced a bill aimed at purchasing approximately 420,000 BTC equivalent to 2% of the total Bitcoin supply for the country's reserves. This move positions France among the first major economies to consider $BTC as a strategic reserve asset.
The proposed acquisition would amount to around $48 billion, reflecting France's commitment to integrating cryptocurrencies into its financial strategy. This initiative is part of a broader trend where countries are exploring Bitcoin as a means to diversify and strengthen their national reserves.
This legislation could set a precedent for other nations considering similar steps towards the adoption of $BTC in their reserve portfolios.