Quote from: 2Pizza410000BTC on August 22, 2025, 08:46:20 PM

Quote from: Cpt_reader on August 22, 2025, 12:31:39 PM

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.

Huge news indeed for the fact that Philippines is joining Pakistan and Indonesia create a Bitcoin reserve. Those developments they made is good step that Bitcoin Strategic reserve creation is moving forward in Asia.

I've heard before that Malaysia,Hongkong and China(despite of banning) plan to create a Bitcoin Strategic reserve. But they didn't have any formal announcement or plan to do it for now.

I commend those leaders which aim for growth of their country and thinking about having a Bitcoin strategic reserve means that they have leaders that can adopt on the innovative changes on financial market. Let see on which of these Asian countries will be the first to fully implement or announce that they already passed this bill then made this plan successfully happen.