Re: Everything you wanted to know about Bitcoin Strategic Reserve
This is good news for Bitcoin holders, another 10000 Bitcoins are being removed from the supply. Since the supply is limited, if a few more countries decide to do this, the amount of Bitcoin on the market will decrease and the price will increase manifold.
Source: https://x.com/BTC_Archive/status/1958863592389771518?t=URPFwGaBKI-qowFOPw-v5g&s=19
Of course, this is a huge news for Bitcoin and Bitcoin investors. When a country decides to accept Bitcoin as its strategic reserve, it brings great news for us. Due to various positive news, we saw Bitcoin go from $111.6k to $117k today and is currently at $117k. However, it is true that if 10,000 Bitcoins from the total supply of Bitcoin go to a country's strategic reserve, the demand for Bitcoin will increase and the price of Bitcoin will increase a lot. Not only in the Philippines, when other countries take Bitcoin as their strategic reserve, the demand for Bitcoin will increase and the price will also increase a lot, but imagine what the position of Bitcoin will be when Bitcoin goes from a limited supply to the strategic reserve of different countries. If I imagine, I can see a time when people will not be in a position to buy 1 Bitcoin.Source: https://x.com/BTC_Archive/status/1958863592389771518?t=URPFwGaBKI-qowFOPw-v5g&s=19
The Philippines has adopted Bitcoin as a strategic reserve, and they will collect 10,000 Bitcoins in five years. Every year they will buy 2,000 Bitcoins according to the DCA method, thus they will collect ten thousand Bitcoins in five years. They have promised to keep this Bitcoin held for 20 years, and according to the DCA method, it will take five years to collect two thousand Bitcoins per year. They have expressed interest in holding Bitcoin for (5+20)=25 years, thus other countries have strategic reserves.
I think every country should keep Bitcoin in its reserve fund because Bitcoin will play the biggest role in ensuring the future economy. When almost every country holds Bitcoin and the supply of Bitcoin decreases, the amount of Bitcoin buying and selling in the market will decrease, because every country will then hold Bitcoin holdings.