$BTC To begin with, the U.S. is not falling behind. They are preparing to create a strategic reserve of Bitcoin. Wyoming Senator Cynthia Lummis has introduced a bill called the "Bitcoin Act." It suggests that the U.S. should purchase 200,000 Bitcoins each year for the next five years. Even former President Donald Trump supported this bill, stating: "The policy of my administration will be to secure all Bitcoin assets for the U.S." The Bitcoins will be stored in secure vaults operated by the U.S. Department of the Treasury. This is a significant move towards diversifying the Federal Reserve's funds and, hopefully, making the economy a little more resilient.

Brazil Also Has Plans with Bitcoin

Then there's Brazil. They are planning to back 5% of their international reserves with Bitcoin. A Brazilian federal official, Eros Biondini, said that Bitcoin will help protect against currency fluctuations and geopolitical risks. They will allow the Central Bank of Brazil to manage the Bitcoin in conjunction with the Ministry of Finance. This is a strategic move to diversify the country's assets and protect against economic instability.