I'm sure I'm not the only one who's noticed the moves by the US first, the White House crypto summit, and now adding Bitcoin and some other altcoins to their reserves.
Has anyone else come across this? If the US is holding it, other countries might follow. We've already seen Brazil approving its own BTC reserves, so it seems like a race is forming.
This is a positive development for the crypto space, even though the market remains highly unpredictable. It might just be a matter of time before we start seeing some big moves.
I could be wrong, but what I think is that other countries are just waiting for the results of the US adoption of crypto. In fact, just like what happened to El Salvador, it did not really attract huge interest from other countries.
Of course, they have a huge difference in terms of influence, but I don't think that the US can manipulate other countries when it talks about crypto. Some might open a door and legalize Bitcoin, but not by doing it as their reserve funds.
Of course, the participation of the US means a lot, but I don't think this is enough to make all countries do the same.