Re: Just In: Swiss law maker says "Switzerland needs a Strategic Bitcoin Reserve!"
Switzerland going quicker than the US, okay! But talking about the BRICS, bitcoin is the least of their worries from where they stand. May be they could be the least of all unions to adjust towards making bitcoin as asset reserve which would be until their course is achieved. Consequently, Switzerland taking a move of this kind as proposed by their lawmaker would trigger more sorrounding countries in the adoption process should they start seeing positive impact in these countries economy with bitcoin. El Salvador a good example with what they have profited since the country adopted bitcoin as investment asset.
That's the power of initiative, it's like a virus that spreads!
I already knew that this would happen very soon, after El Salvador started it, a lot of other countries started to look at this kind of possibility, especially now that Bitcoin is already close to $100,000.
Before, gold is aiming for a reserve, but now we are already in the new generation, Bitcoin is the next target for countries reserve.
As it was said by ABCbits, it's probably the initiative and thoughts of one man, in the best case - a small group, so it wouldn't change the tide per se in Switzerland to create reserves for BTC.
However, the news is still good - it just becomes a bit fuzzy due to how bullish it is
