Lately, the idea of a Bitcoin Strategic Reserve (BSR) has surfaced in many news reports. The idea that the US could use Bitcoin as a strategic reserve has proven fundamental to propelling the price of bitcoin through the 100K barrier.
In this thread, I will explain what a Strategic Reserve is and how a Bitcoin Reserve is relevant.
A strategic reserve is a stockpile of critical resources set aside by a government, large institution, or other entity for use in exceptional circumstances — such as emergencies, severe supply disruptions, wars, or periods of extreme market volatility.
Unlike regular inventories that cycle through daily usage, strategic reserves are intentionally maintained as a buffer against uncertainty, ensuring stability and security in times of crisis.
Strategic reserves have a few characteristics that are unique and make them different from standard storage:
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Excellent article, filliponne! I was thinking earlier today of inquiring among forum members about:
A) the prospects of serious players (major nations, or even companies like MSFT or AMZN) setting up their own BTC Strategic Reserves.
B) the advantages of being a first mover (presumably getting BTC at a lower price), the amounts of BTC to HODL, how to raise the money to buy, just HOW do they go about it, how much acquiring Reserves would affect price, etc., etc.
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I have not read through your referenced links, so that's on the menu for tonight. Your thread is extremely timely.
Excellent write up indeed @ORobtc and also a great news for all Bitcoiners and future bitcoiners.
FROM the definition and meaning of strategic reserve @ fillippone, it becomes extremely difficult to undermine BITCOIN in the nearest future!
This move for BSR (BITCOIN STRATEGIC RESERVES). Means that Bitcoin is becoming equal to or similar to natural resources like crude oil that has strategic reserves making Bitcoin a golden venture and therefore expanding and extending its reliability and authentication to more decades to come if not lifetime
I have to go through this info again to grab some detailed technical information. And I'll try going through the links attached as much as possible. Great info and news