this representation deems it vital that the Philippines stockpile strategic assets such as BTC to serve crucial national interest such as providing financial stability, among
others. Through the BSP, a Strategic BTC Reserve is hereby created where 2,000 BTC will be purchased annually over five years, which will be held in trust for 20 years
Well, better late than never. It should have been proposed when Bitcoin was at its lowest and back when we were in the process of adopting it, but unfortunately, nobody in the financial sector or the cabinet advised whoever was the sitting president.
The growing market capitalisation and the growing trend of Bitcoin are enough to convince those who are sitting in the Palace.
We hope they can expedite the approval of the bill. Honestly, I have doubts about the fast approval due to the numerous priority projects and investigations currently underway.
We will know who among our lawmakers believes in the future of cryptocurrency.