So the French are feeling frisky: the bill proposes acquiring ~420,000 $BTC
BTC (roughly 2% of all Bitcoin) over the next ~7-8 years.
Bitcoin is trading around $111,300 as we speak.
420,000 BTC × $111,300 ≈ $46.7 billion paid out over several years? That’s a big chunk of state-budget theatre.
If France actually executes this:
They’ll be sucking up a non-trivial portion of future supply.
That means tightening liquidity, meaning larger moves in BTC when sentiment flips.
Minimal show off is the trick: big moves, quiet accumulation.
This is a proposal, not a guarantee. Their political power is limited.
Execution risk is huge: acquiring 420k BTC without wrecking the market? That’s a strategy, not a stroll.
Even if passed, the market will watch how they buy, when, and at what rate.
The narrative matters. “State buying BTC” = structural shift. But narrative ≠ autopilot price pump.
