As you said it is a good reserve and has been and I think that many countries are still holding on to their gold reserves. Buying bitcoin does not mean they will be totally replacing gold. Maybe they are just focusing on increasing their bitcoin reserve since they probably already have more of gold. Bitcoin seems to be a lot more volatile than gold which is riskier but also serves more opportunities for bigger profit so that might be why they are focusing on bitcoin more. But if you have enough funds, why not invest in both?
That's a fact that happened because even though many countries have considered the adoption of Bitcoin as a strategic step, it does not mean they are throwing gold.
Bitcoin is quite speculative compared to gold, but in terms of durability is not much different and we can see when a recession occurs and Bitcoin is still standing so strong.
This is talking about the state and I don't think it's funds that are a problem, but rather how the approach can be done based on the right study.
See how the country has done it and may be a reference for other countries because gold and Bitcoin are a hedge despite different speculative speaking.
Yeah, mine for example has that "lets not buy bitcoin, but if we seize from anyone, lets not sell it" approach, they are not selling gold to buy bitcoin, they are not even buying bitcoin, they are just seizing it from criminals, and not selling it and holding it at treasury, that way, they keep growing their bitcoin amount, and it becomes a defacto strategic reserve. If we keep doing that then we are going to end up being alright, won't face that many troubles at all.
If we can move this further, to the point of buying some bitcoin every year with some money they get from taxes, that would be seen wrong because people would rather not pay taxes, so that means this would be just added taxes and nothing big at all, it would be a bit troublesome.