Bitcoin Becomes “Digital Gold”? Which Country Will Lead the Race for Strategic Reserves?
Dennis Porter, CEO and co-founder of Satoshi Action Fund, recently made a bold prediction: many countries will quickly follow Brazil's lead in including Bitcoin in their national reserve strategies.
Global Bitcoin Regulation Wave
Porter said he is working with international lawmakers to develop a legal framework for Bitcoin accumulation. He stressed:
“Interest in Bitcoin has never been greater. A wave of Bitcoin bills is about to spread globally.”
One unnamed country in particular is accelerating the process to get ahead. Porter reveals:
“They want to be the first country to have a strategic reserve of Bitcoin.”
Brazil Leads the Trend
Brazil has officially proposed allowing the government to allocate up to 5% of its national reserves into Bitcoin, following in the footsteps of El Salvador—the first country to use Bitcoin as a reserve asset.
From America to International
Porter has helped several states in the US, including Pennsylvania, develop laws to protect the right to use cryptocurrencies.
He is now expanding his role to the national and international levels, assisting lawmakers in designing regulations for strategic Bitcoin reserves.
Porter recently published a guidance document on how to develop this regulation, which other countries can easily adopt.
