Having a strategic Bitcoin reserve would be amazing just like we have been seeing in the United States. Bitcoin will soon be the reserve currency of so many countries looking at the way world government and creating strategic reserves to contain the storage of Bitcoin for a long period of time. If more countries indulge in this, it will get to a time when Bitcoin will be very scarce and the only thing we would be able to do is to trade it without holding it, many with other tokens. The adoption is continual and hoping to see more countries adopt it.
Although this is still a proposal. Most of our lawmakers have no understanding of what Bitcoin is, and that's why they need to make themselves informed very well about it before doing it. As a citizen, I am for it and I just want them to realize and analyze it first before doing it. Because this could be another way for them to swindle money and that's why even it's for the adoption that we're hoping for, there is a need for them to do several consultations from the industry experts before passing and signing it into law.
I don't know but for sure this lawmakers have a lot of advisers behind them to tell what Bitcoin or Blockchain it and then to tie everything that it might be good for their country to have this Bitcoin reserve. They can even have El Salvador for example in maybe in the floor in their deliberation.
But that is the thing though, don't get me wrong, but Philippines has one of the highest score in terms of corruption. So this could also be some that doesn't want this to happen and stop because it's going to be out of their control. But hopefully, the government will approve this proposal for the betterment of their country.