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.
What El Salvador did is to pass a law to make BTC as their legal tender which is also a good way to make Bitcoin national reserve as legal into their country which looks timely when Bukele did pushed for that.
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
Yes, that will reflect the demand of Bitcoin and will continue to make the price higher. That's where it is going. But I think that it's just part of the growth because of what we're looking forward is if the biggest financial companies that are known globally starts to talk about Bitcoin positively and if they'll add it to their investments and assets.