While some countries, including El Salvador, have taken significant steps regarding Bitcoin (BTC) reserves in recent years, the steps taken by U.S. President Donald Trump related to the national strategic Bitcoin reserves have stirred the entire world.
While many countries are following Trump's lead, Europe is still lagging behind in terms of BTC reserves.
While the issue of BTC reserves continues to be a hot topic of discussion, Binance founder and former CEO CZ, who attended Token2049 held in Dubai, made important statements.
CZ stated that he has advised many countries on Bitcoin and cryptocurrency reserves, and Europe is still outside the debate on reserves.
CZ said he has advised many countries, except Europe, to establish national cryptocurrency reserve funds like the United States.
At this point, CZ claimed that some countries have taken the lead and made progress in terms of BTC reserves, citing Bhutan as an example. CZ stated that Bhutan has billions of dollars in Bitcoin and said, "Bitcoin has existed and now they are adding Ethereum and BNB to their national reserves."
CZ also noted that Bitcoin ETFs are driving the current market cycle and although Ethereum has not achieved similar success, Bitcoin's success will ultimately spill over to Ethereum and other cryptocurrencies.
Finally, CZ argued that Bitcoin and cryptocurrency are financial freedom, saying, “No freedom can exist without freedom of speech, and that includes financial freedom. Cryptocurrency is not just technology. It is a movement.”
