Quote from: Fiatless on May 06, 2025, 08:54:33 PM

Quote from: Ethan_Crypto on May 06, 2025, 03:27:33 PM

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

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.

The US government has issued several statements that bitcoin will be used as the country's reserve currency, and Donald Trump was very pro-bitcoin assets in his campaign, although many denied it was only to seek the attention of his voters, but slowly now it seems that the US government is starting to get serious about this.

Currently, the US Treasury Department is reviewing Trump's Strategic Bitcoin Reserve plan by using confiscated BTC as a state reserve asset, not for sale, but for storage. This could be the beginning of a new era of Bitcoin in geopolitics. With the Strategic Bitcoin Reserve carried out by the US, of course this is the same as the US sending an implied message, that the US is starting to consider BTC as a strategic asset, not just speculation. Of course this can boost the legitimacy of bitcoin in the eyes of the world so that many countries want to follow the US. It is from this positive news that bitcoin is slowly starting to rise, so I am very optimistic that bitcoin will one day become a reserve asset in many countries.