Post
Topic
Board Economics
Re: Philippine House has introduced a bill to establish a strategic bitcoin reserve.
by
bhadz
on 08/09/2025, 20:39:16 UTC
I also hope that it won't happen to my beloved country because the corruption here is very rampant. And it's in the news locally and internationally on how the funds were misused by the congressmen, and there's a lot of politics happening here. We're just done with the mid term elections just this May of this year and then, we're still 3 years ahead of the next one. But what politicians do are preparing for the next one already, they're not for the service of the people but only to themselves and pockets. I'm hopeful that this proposed bill for Bitcoin strategic reserve will be studied well and won't be a cause for another corruption.

If politicians want to be corrupt, they have a myriad of ways to be corrupt, and even if they want to engage in corruption through a bitcoin reserve bill. We can't do anything about them, so don't worry and think too much because it's beyond our control.

What we should focus on is hoping they can pass this bill and hoping other countries will follow suit. From there, the demand for bitcoin will increase, the price will increase and we will benefit as well.
We've been suffering a lot because of the wrong budget allocations. I am not saying that if this bill becomes a real thing and a law but these corrupt politicians in our country will steal in a paper and real projects. Or if not, they'll only allocate a small portion while they taking away the majority of the funding. I am in hope of passing this bill but, these politicians are very tricky and smart when it's about stealing the funds of the public. I'm just worried that the money, the taxes that we've worked for will be stolen and will only be allotted little to this good reserve.