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
Comparatively, the price of Bitcoin has increased a lot this year. If it actually reaches one million, then buying one or two Bitcoins will be expensive for small investors like us. So, those of us who want to invest, I think it is still a good time to invest. The way different countries, companies and individuals are constantly buying Bitcoin, it seems difficult to say or estimate how much Bitcoin will be worth in the future. Bitcoin is slowly decreasing from a specific repository and going to everyone, if everyone starts reserving or holding like this, then eventually it will be difficult to get Bitcoin and it will be many times more valuable.