None of these countries have been bold enough to take the first step. It looks like most of them are waiting for the US to make the first move. If Donald Trump starts implementing his promise to make Bitcoin a reserve currency, maybe more nations will join immediately. For now, what we have been hearing is news showing nations' interest in making Bitcoin a reserve currency, but none have been backed with actions.
And it looks like US is making it move to realize the plan of creating a Bitcoin reserve. If we read in the earlier reply, there is already a US state that pass the law on establishing a state-level Bitcoin and Digital Assets Reserve Fund
[1]. According to the article New Hampshire is the first US state that passed HB302 into law.
New Hampshire has officially passed HB 302 into law, making it the first state in the U.S. to create a state-level Bitcoin and Digital Assets Reserve Fund.
The legislation allows the state treasurer to purchase Bitcoin and other digital assets with a market cap above $500 billion, with the aim of diversifying the state’s financial reserves.
This will take effect after 60 days the article stated.
Exactly, no country has made the leap yet. Thing is though for all the countries
which could add Bitcoin to their treasuries for them there are elements of Bitcoin
which they are not 100% comfortable with, the biggest being the decentralised factor.
They also cannot see past the volatility of the market either.
One of the US states already made its leap. See:
Race to Bitcoin Reserves: New Hampshire First US State To Greenlight State-Level BTC ReserveNo doubt that the OP is right, if/when countries make the move it will certainly
affect the supply v demand.
It will indeed create a hyper bullish sentiment once the states of US started to pass the law about creating a Bitcoin reserve. One million dollar is just around the corner if other country follows.