The global government BTC reserve competition has begun! The Philippines fires the first shot, and our goal is: the stars and the sea!

Small countries are hoarding coins, and the Philippines wants to become the next 'Bitcoin whale'!

Friends, I am Mig.

Today, a heavyweight news story is making headlines: A Filipino congressman directly proposed that the central bank buy 10,000 bitcoins over the next five years and then lock them up for 20 years! This is not retail investors making calls, but a national-level strategic reserve plan—simply put, the national team is about to start hoarding coins!

This is by no means coincidental, but rather another practical exercise of small economies around the world using Bitcoin to combat dollar hegemony!

Think about El Salvador—initially ridiculed for buying Bitcoin nationwide, now their holdings are profitable by over 80%, and they even issued sovereign bonds backed by Bitcoin.

The Philippines clearly wants to replicate this path: using Bitcoin as a 'financial moat' to hedge against potential debt crises and exchange rate fluctuations.

It is particularly noteworthy that the five-year dollar-cost averaging strategy is exactly the same as the logic used by retail investors!

This indicates that national capital also acknowledges the cyclical pattern of 'accumulating in bear markets, erupting in bull markets', being cautious not to blindly chase high prices, but rather to trade time for space.

During the Ukraine war in 2022, the Ukrainian government accepted cryptocurrency donations, receiving over $100 million in Bitcoin and Ethereum in just one month—cryptocurrency became an emergency funding channel during wartime.

The proposal from the Philippines explicitly mentions 'strengthening national security', perhaps also leaving room for extreme scenarios.

But do not forget the risks:

Bitcoin prices are highly volatile, and national reserves mean that the whole population bears the gains and losses.

The president of El Salvador was repeatedly warned by the International Monetary Fund (IMF) due to the plummeting value of Bitcoin; if the Philippines implements this plan, it will inevitably face the same pressures.

In a word: The era of national coin hoarding may come faster than we imagine. #加密市场回调

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