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.
I’d love to hear your thoughts
When a country wants to adopt Bitcoin to be used as a state reserve, it means it must get approval from all parties and the process will not be easy. Moreover each parliament with different views on Bitcoin is the biggest obstacle why not many countries quickly adopt it. The stages are quite long but the outline also raises concerns if the majority of Bitcoin holders fall into the hands of the government.