Quote from: |MINER| on Today at 10:56:20 AM

Quote from: Die_empty on August 23, 2025, 06:07:08 AM

The bill by Representative Miguel Luis R. Villafuerte wants the government to buy 10,000 to 2,000 BTC yearly for five years. The Bitcoins will be held for twenty years in a decentralized wallet controlled by the Central Bank and may be sold for profit-making. This is a welcome development as the news will increase Bitcoin awareness and adoption not just in the Philippines but in neighboring countries. I hope they will keep the coin longer than twenty years, considering that gold reserves have been part of the country's financial history.

Were they able to pass that bill? If the Philippines passes this bill, it is really going to be a big opportunity for them.
I would hope that if the Central Bank of the Philippines were to store gold in their reserves not just for 20 years but for centuries, as countries have been doing, and the more gold reserves a country has, the stronger it is economically or militarily.
So instead of 20 years, the Philippine government should take a long-term strategy where they will regularly adopt Bitcoin.

Not yet, it just been passed as far as I know, so it might take some months to be even read in their chair. And they have a lot of problems right now, with the corruption in the flood control project.

Just remember though that the Philippines is not a big country, so in terms of its' military, small compare to other South east countries. And they have been bullied by the Chinese in the West Philippines Seas.

Anyhow, at least a good 10 years might be a bench mark if their government can keep up holding their Bitcoin as national reserve if ever this bill passes on the Congress.