🔥Latest Updates on $BTC BTC Reserve Strategy‼️
The concept of a strategic Bitcoin reserve has gained significant attention globally, with several countries exploring its potential benefits and challenges.
💥United States
🔹️Proposal:
President Donald Trump's administration proposed creating a strategic Bitcoin reserve, aiming to make the US the "crypto capital of the world".
🔸️Legislative Progress:
Senator Cynthia Lummis introduced the BITCOIN Act, which proposes acquiring 1 million Bitcoins over five years, with a 20-year holding period.
🔹️State-Level Initiatives:
Over 15 US states have introduced state-level Bitcoin reserve legislation, with some making progress, such as:
👉Arizona: Passed a second Bitcoin reserve bill, awaiting the governor's signature.
👉Texas: Became the third state to approve a state-level Bitcoin treasury.
👉New Hampshire: First US state to enact a Bitcoin reserve.
💥Other Countries
🔹️Czech Republic:
The Czech National Bank is considering holding up to 5% of its reserves in Bitcoin, valued at around $146 billion.
🔸️Russia:
Proposed creating a strategic Bitcoin reserve to hedge against sanctions, inflation, and currency volatility.
🔹️Japan:
A Japanese lawmaker has pushed for Japan to create a national Bitcoin reserve, citing potential benefits for economic uncertainty and asset diversification.
🔸️Hong Kong:
A Hong Kong lawmaker proposed incorporating Bitcoin into the city's fiscal reserves.
🔹️Poland:
A politician has vowed to make Poland a crypto hub and proposed creating a national Bitcoin reserve.
🔸️El Salvador:
Has over 6,102 BTC in its Bitcoin reserves, worth around $550 million.