The national team is taking action! France wants to buy 2% of the global $BTC bitcoins!
Old Xu just came across a heavyweight news item: the French National Assembly is intensely debating a crazy proposal:
To establish a national Bitcoin strategic reserve, with the goal of purchasing 2% of the total Bitcoin supply worldwide!
In simple terms, the French government is preparing to step in directly, treating Bitcoin as "digital gold" to hoard.
This is not a small-scale operation, but rather a national-level strategic layout.
What does 2% mean? Let me break it down for you:
The total supply of Bitcoin is 21 million coins, so 2% is 420,000 coins!
Based on the current market price, this acquisition would require nearly $50 billion.
For comparison: the U.S. Treasury currently holds about 325,000 bitcoins, and MicroStrategy has accumulated only 640,000 coins after years of hard work.
With this move, France will leap to the second position globally!
Why is this news so critical?
This is no longer just small-scale activity by institutional investors, but a sovereign country entering the market on a large scale for the first time. As a core EU country, this action has significant symbolic meaning.
If the proposal passes, it could trigger a chain reaction:
Will other European countries like Germany and Italy follow suit?
Does this mean that Bitcoin's status as "digital gold" receives national-level recognition?
Will global central banks start a competition for digital currency reserves?
What does this mean for the market?
420,000 bitcoins is no small number; it is equivalent to directly removing a large volume of circulating chips from the market. The supply-demand relationship will be fundamentally altered, and price support will become more robust.
New highs? It might just be a matter of time.
What should we do now?
Closely monitor the progress of the bill.
It is still in the debate stage, but if passed, it will mark a historic turning point.
The entry of the national team is on a completely different scale compared to retail investors and institutions.
This is about liquidity, but even more about confidence and the overall landscape.
Old Xu has something to say:
I have already set up my little stool and am closely watching every step of this event's progress.
I suggest you don't take it lightly; news of this level deserves a spot on your special attention list.
If you want to get in-depth interpretations at the first moment, remember to follow @Crypto老徐 .
If France really takes this step, we are likely witnessing history.
