The Philippines proposes a bill to purchase Bitcoin, opening a new chapter for the crypto market

The Philippines is considering a historic move: the Strategic Bitcoin Reserve Act requires the Bangko Sentral ng Pilipinas (BSP) to purchase 2,000 $BTC each year over the next 5 years, creating a national reserve of up to 10,000 BTC (approximately 1.1 billion USD).

Bitcoin becomes the country's "digital gold"

The bill, sponsored by Congressman Migz Villafuerte, describes Bitcoin as "digital gold," emphasizing its exceptional growth potential and its role in diversifying national assets. If passed, the number #bitcoin will be held in a trust fund for 20 years, and it cannot be sold except to pay government debt.

A pioneer in the region

This move by #Philippines is an extremely positive signal for the entire cryptocurrency market. It not only represents official recognition of Bitcoin but also shows that countries are increasingly seriously considering Bitcoin as a strategic tool to ensure financial stability and promote innovation. The Philippines joining pioneering countries like El Salvador and Bhutan in accumulating Bitcoin is clear evidence that Bitcoin is gradually becoming an important reserve asset on the international stage. This will continue to drive broader acceptance and usher in a promising new era for the global cryptocurrency ecosystem. #anh_ba_cong