While some countries like El Salvador have made significant strides in Bitcoin (BTC) reserves in recent years, U.S. President Donald Trump's initiatives regarding the Strategic National Bitcoin Reserve have resonated widely around the world.
As many countries begin to follow the path taken by Trump, Europe seems to be lagging behind in this area.
While Bitcoin reserves continue to be a hot topic, CZ, the founder and former CEO of Binance, made noteworthy statements at the Token2049 event held in Dubai.
CZ stated that he has advised many countries on Bitcoin and cryptocurrency reserves, expressing that Europe has remained outside of these discussions. He emphasized that Europe is not active regarding crypto reserves and has offered suggestions to many countries, like the U.S., to establish national crypto reserves.
In this context, CZ pointed out that some countries have made significant progress regarding BTC reserves, citing Bhutan as an example. He stated that Bhutan's Bitcoin reserves have reached billions of dollars and that they have begun to add Ethereum and BNB to their national reserves.
Additionally, CZ noted that Bitcoin ETFs are directing current market movements, stating that while Ethereum has not yet achieved the same success, Bitcoin's success will eventually reflect on Ethereum and other cryptocurrencies.
Finally, CZ argued that Bitcoin and crypto represent financial freedom, stating, "Without freedom of speech, no freedom is truly useful, and this also applies to financial freedom. Crypto is not just a technology; it is a movement," highlighting the role of cryptocurrencies in social and economic freedoms.
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