Re: Philippine House has introduced a bill to establish a strategic bitcoin reserve.
The new Bitcoin bill in the Philippines proposes to purchase 10,000 BTC for the national reserve. Here the government has taken a great step and proposed to invest in Bitcoin, and plans to keep Bitcoin as part of their assets in the national reserve. We can see that the acceptance of Bitcoin is increasing day by day, this may be a step by the government of the country to improve the economic position of the country through Bitcoin investment. Bitcoin can be an important part of financial diversification in the future, this is the first legally proposed in the Asian continent and the first such initiative taken by the Filipinos, they have formulated the proposal for a Bitcoin reserve using the parliamentary legislative procedure.
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https://news.bitcoin.com/new-bitcoin-bill-in-philippines-proposes-buying-10k-btc-for-national-reserves/
This will be the worst time ever that any Bitcoin holder would think bitcoin will crash in the way it's used to, the past two-three Bitcoin bull/bear market cycles, rather we will definitely be seeing more and more countries start to go in this directions. The Philippines government has done the right move. There's definitely this government are beginning to see as Bitcoin is gradually gaining government/country adoption.🇵🇭
https://news.bitcoin.com/new-bitcoin-bill-in-philippines-proposes-buying-10k-btc-for-national-reserves/