Recent reports suggest that many countries are actively considering holding Bitcoin as a reserve asset. If more nations pass legislation to officially own BTC reserves similar to El Salvador, we could see a significant surge in demand driven by government accumulation.
Just imagine if a majority of countries adopt this approach. The impact on Bitcoin’s demand and value could be enormous.
From idea to proposal and actual enforcement, there are many challenges and surely the journey is not easy and smooth with many possible failures along the journey. You can see that in the USA, there are some states that try to push state Bitcoin reserves but many states fail at very early phases.Just imagine if a majority of countries adopt this approach. The impact on Bitcoin’s demand and value could be enormous.
Florida is one of such states.
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🇺🇸 State Reserve Race Update:
Both Florida's Bitcoin Reserve Bills have failed.
The legislature adjourned its 2025 session on May 2, without passage of the bills.
HB 487 and SB 550 have been "indefinitely postponed and withdrawn from consideration."
Both Florida's Bitcoin Reserve Bills have failed.
The legislature adjourned its 2025 session on May 2, without passage of the bills.
HB 487 and SB 550 have been "indefinitely postponed and withdrawn from consideration."