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.
If you are a Bitcoin user or investor for sure you know this country.
The developments they made for their investment on Bitcoin always getting media attention.
That's why for sure lots of people get an update about what are the latest developments happened to these countries.
Lots of people are skeptical towards the passage of the bill since we can't deny that there are lots of problem on current administration since there's rampant corruption happening. Then also they are busy with political attacks to other party.
But since there's already filled bill towards creating this reserve there's still a chance for its approval. So lets see the future announcement regarding on the updates of this filled bill. Because for sure if congress would find this a good strategic investment option for our country to take they would pass this.