Post
Topic
Board Economics
Re: Philippine House has introduced a bill to establish a strategic bitcoin reserve.
by
Smack That Ace
on 06/09/2025, 05:49:59 UTC

 if I'm not mistaken, no country who has come up with the plan of making a Bitcoin reserve that has actualized it so if your country becomes the first, it would set a rolling stone for others to follow.

Did you forget El Salvador and Bhutan? They are two pioneering countries in adding bitcoin to their national reserves. But maybe they are too small so not many people care and pay attention.

If the Philippines can pass the bitcoin reserve bill, they will become the third country in the world to have a bitcoin reserve, not the first. But like the other two countries, the Philippines is just a small country in Southeast Asia and has the 32nd largest economy in the world. I don't think they can convince many other countries, especially the major powers to follow their lead.