Everything you wanted to know about Bitcoin Strategic Reserve

[Shadiq]

An Italian lawmaker has urged Italy's banking foundations to buy bitcoin, arguing that such investments could bolster support for the country's leading cryptos. In an interview, Italian parliamentarian Marcello Coppa said that "banking foundations should dip their toes into bitcoin by allocating a small portion of their income to digital assets in order to reap the potentially significant returns on their investments."

The Bitcoin Foundation's investment could boost public support for the currency. Coppa said on Friday that "we can start from where the risks are low and any positive test cases can be used as examples and case studies."

Coppa also said that it would not be science fiction if the United States were to hold bitcoin in its national reserve. But he sees little chance of such an event happening in Italy within months.

Link to the full news: https://decrypt.co/301689/italian-lawmaker-urges-banking-foundations-to-buy-bitcoin

[LoyceV]

~ buy bitcoin, arguing that such investments could bolster support for the country's leading cryptos.

Did you just text-spin this article? By turning "crypto" into "cryptos", you even changed the meaning.

An Italian lawmaker is urging banking foundations in Italy to invest in Bitcoin, arguing that such investments could accelerate support for the leading crypto in the country.

[Powerjumboo]

JUST IN: 🇺🇸 $3.6 billion Rumble CEO says, “On Friday, Rumble $RUM made its first ever purchase of #Bitcoin.”

“It won’t be the last.”



https://x.com/BitcoinMagazine/status/1881332035895402780?t=32rEuD6WXL1pgV1KtCUKLA&s=19

[DrBeer]

Many thanks again to fillippone for a great and interesting topic and articles!
I made translations into Ukrainian and Russian:

https://bitcointalk.org/index.php?topic=236982.msg64959519#msg64959519
https://bitcointalk.org/index.php?topic=5526666.new#new

[fillippone]

So, contrary to my expectations, no BSR on the first day.
The last chance is that something is amongst the 100+ executive orders Trump will sign on the first day.
Or maybe tomorrow?
Or maybe, like every possible politician on planet Earth, he's going to disappoint.

[GIF-JOBS]

Utah State Rep Jordan Teuscher introduces Strategic Bitcoin Reserve legislation 🇺🇸


https://x.com/BitcoinMagazine/status/1881470037963518440?t=Xgwg4AtmU0RnBD5RIAo5mA&s=19

[Shadiq]

The 47th President of the United States bought $47 million worth of Bitcoin when it was worth $100k+. He set an example that you don't have to wait for the price to drop to buy Bitcoin. If you have a long-term plan, you can buy it even during a bull market

[AirtelBuzz]

The 47th President of the United States bought $47 million worth of Bitcoin when it was worth $100k+. He set an example that you don't have to wait for the price to drop to buy Bitcoin. If you have a long-term plan, you can buy it even during a bull market

Yes it is true that you don't have to wait for the price to drop to buy bitcoins, you can enter the market and buy bitcoins at any time according to your own ability i.e. with your own income.

But you mentioned that the US bought $47 million dollars worth of bitcoins, did you notice they didn't buy bitcoins, the US bought $47 million dollars worth of WBTC bitcoins. It should be understood that BTC and WBTC are not the same. Bitcoin is real decentralized while wbtc is ethereum based decentralized. Take a look at this tweet from Max Keiser, I hope you can understand the difference between the two.


https://x.com/maxkeiser/status/1881408853004128337?t=Ai9OLk2bbgi57B1FK1eFAA&s=19

[icebar]

Switzerland Plans to Embrace Bitcoin Reserves with National Vote.

I don't know how familiar you are with the Swiss national legal system, but they decide everything by popular vote.
This goes from highly technical votes on bank reserve ratios to Bitcoin strategic reserves to cow horns' pruning regulations.

Yes, when the country takes any major decision, they introduce a kind of voting system and because of this kind of voting system, there is transparency and anything worthy gets approved. Where the SNB failed in 2021, they have proposed to re-active their proposal in 2024. They are definitely going to take a right decision.

The banking sector of different countries in the world cannot be as safe as it is in the Swiss Bank. That is why people from almost all countries of the world are very interested in keeping their money there. We know that the Swiss Franc has special importance in terms of stability in the world. However, there has been enough interest in making Bitcoin a reserve currency as a safer and more stable currency. Bitcoin is decentralized and has no censorship, so if Bitcoin is made a reserve currency, its neutrality will increase, at the same time there will be more transparency and the common people will be able to trust it.

We also know that gold is a major part of the Swiss bank's reserves. However, if they accept Bitcoin as a reserve currency, it could complement it and make its limited supply even more attractive than gold. If the SNB keeps Bitcoin in cold wallets , long-term holders can be safe and at the same and independent.

With Donald Trump supporting Bitcoin, Europe will follow suit. Smaller countries are also ahead in this race, especially El Salvador and Bhutan, which already have Bitcoin reserves.

[cxtreenal]

Switzerland Plans to Embrace Bitcoin Reserves with National Vote.

I don't know how familiar you are with the Swiss national legal system, but they decide everything by popular vote.
This goes from highly technical votes on bank reserve ratios to Bitcoin strategic reserves to cow horns' pruning regulations.

Having said that, it is a good thing they are trying to front-run the FED, as once the US give it a start, it will be nation-state FOMO.

A proposal to force the Swiss National Bank (SNB) to hold Bitcoin has been put into effect, under which the Swiss central bank could hold a portion of its reserves in Bitcoin alongside gold. A group of 10 Swiss cryptocurrency supporters proposed the initiative, which would have 18 months to collect 100,000 signatures for a referendum.

News source: https://www.reuters.com/markets/currencies/swiss-central-bank-faces-call-hold-bitcoin-reserves-2024-12-31/

[Ambatman]

So, contrary to my expectations, no BSR on the first day.
The last chance is that something is amongst the 100+ executive orders Trump will sign on the first day.
Or maybe tomorrow?
Or maybe, like every possible politician on planet Earth, he's going to disappoint.

Polymarket on BSR within the first 100 days reached record high prior to inauguration %60+and has fallen almost by half.

The 47th President of the United States bought $47 million worth of Bitcoin when it was worth $100k+. He set an example that you don't have to wait for the price to drop to buy Bitcoin. If you have a long-term plan, you can buy it even during a bull market

They didn't buy any Bitcoin. He's all in on Ethereum and solana since he can create scammed coins from it.
And his Company isn't US
So even if he does buy doesn't mean US has started buying.

[LoyceV]

Why would anyone buy WBTC, centrally controlled by Binance, who's owner was recently convicted in the US?

[fredericktaylor]

Why would anyone buy WBTC, centrally controlled by Binance, who's owner was recently convicted in the US?

WBTC stands for (Wrapped Bitcoin).
WBTC is regulated through a central institution.  It is not decentralized like Bitcoin.
WBTC was originally created to bring the value of Bitcoin to the Ethereum network. It allows Bitcoin to be used on Ethereum's DeFi (Decentralized Finance) platform. With WBTC, users can participate in the lending, borrowing, and liquidity of the Ethereum network. Although it is not directly Bitcoin, it works with the same value as Bitcoin.  So for those who want to work in the Ethereum ecosystem but enjoy the value of Bitcoin, this is an option. People can invest here because of all these reasons.  As Coinbase responded to a lawsuit filed by Justin Sun-related company BIT Global. The lawsuit seeks an emergency injunction to place wBTC, Bitcoin's first and largest tokenized product, on the largest cryptocurrency exchange in the United States.



source: https://www.binance.com/en/square/post/17715089617249

[fredericktaylor]

MicroStrategy has acquired 11,000 BTC for ~$1.1 billion at ~$101,191 per bitcoin and has achieved BTC Yield of 1.69% YTD 2025.



source: https://x.com/saylor/status/1881688755096174607?t=s2sKMcksQZkoOtev8BXDWQ&s=19

[fillippone]

MicroStrategy has acquired 11,000 BTC for ~$1.1 billion at ~$101,191 per bitcoin and has achieved BTC Yield of 1.69% YTD 2025.



source: https://x.com/saylor/status/1881688755096174607?t=s2sKMcksQZkoOtev8BXDWQ&s=19

Let's stick to the nation-state's adoption of Bitcoin on this thread.
If you want to discuss Microstrategy strategy, you can post the updates together with your considerations here:

MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’

[JayJuanGee]

Why would anyone buy WBTC, centrally controlled by Binance, who's owner was recently convicted in the US?

WBTC stands for (Wrapped Bitcoin).
WBTC is regulated through a central institution.  It is not decentralized like Bitcoin.
WBTC was originally created to bring the value of Bitcoin to the Ethereum network. It allows Bitcoin to be used on Ethereum's DeFi (Decentralized Finance) platform. With WBTC, users can participate in the lending, borrowing, and liquidity of the Ethereum network. Although it is not directly Bitcoin, it works with the same value as Bitcoin.  So for those who want to work in the Ethereum ecosystem but enjoy the value of Bitcoin, this is an option. People can invest here because of all these reasons.  As Coinbase responded to a lawsuit filed by Justin Sun-related company BIT Global. The lawsuit seeks an emergency injunction to place wBTC, Bitcoin's first and largest tokenized product, on the largest cryptocurrency exchange in the United States.

source: https://www.binance.com/en/square/post/17715089617249

In spite of your seemingly attempt at a dictionarial definition of WBTC (which I would imagine is likely largely within Loyce's already existing knowledge base, that bot), I doubt that too many longer term bitcoiners would consider that various kinds of bitcoin imitations, such as WBTC, work with the same value as bitcoin, even though sure technically you are correct that there is pegging of the value and there is likely as certain level that the third parties are holding of actual bitcoin in order to not overly screw up their own exposures that could end up blowing up in their dumb lil shitcoining faces in one direction or the other.

You (fredericktaylor) could also consider resizing your pics to a wee bit more reader-friendly (and less annoying) size.

[fillippone]

I doubt that too many longer term bitcoiners would consider that various kinds of bitcoin imitations, such as WBTC, work with the same value as bitcoin, even though sure technically you are correct that there is pegging of the value and there is likely as certain level that the third parties are holding of actual bitcoin in order to not overly screw up their own exposures that could end up blowing up in their dumb lil shitcoining faces in one direction or the other.

WBTC, like also all other "wrapper versions" of bitcoin, have the ultimate beneficiaries not on the bitcoiners who decide to put their satoshi on an alien blockchain, but rather on the users of such blockchain, who can benefit from the added liquidity from the bitcoin ecosystem, parasiting it.
Parasites, this is the definition: they thrive in the liquidity provided by bitcoiners, until they have sucked it for their vicious purposes.

You (fredericktaylor) could also consider resizing your pics to a wee bit more reader-friendly (and less annoying) size.

I do second that request.

[LoyceV]

Why would anyone buy WBTC, centrally controlled by Binance, who's owner was recently convicted in the US?

WBTC stands for (Wrapped Bitcoin).

It looks like you completely missed the point of my rhetorical question. I know what it is. That's why it's dumb to "invest" $47 million in it.

WBTC is regulated through a central institution.

"Regulated" implies being regulated by government. That's not the case here, see my original quote.

WBTC was originally created to bring the value of Bitcoin to the Ethereum network.

Wrong. WBTC was created to bring the value of Bitcoin to Binance, just like anything else they created. Adding Ethereum only makes it worse: that shitcoin itself is centrally controlled.

Although it is not directly Bitcoin, it works with the same value as Bitcoin.

Lol. Until it doesn't.

People can invest here because of all these reasons.

Let's trust an exchange that scams their users when the exchange fucks up a withdrawal.

source: https://www.binance.com/en/square/post/17715089617249

You should use quote-tags, so it's clear which part you wrote, and what you're quoting. That link doesn't like browser privacy:

Error 403 Forbidden - This request is blocked.
For security reasons you can't connect to the server for this app or website at this time.
It maybe that you have too many requests or the illegal request payload is identified as an attack.
Please try again later.

Lost coins only make everyone else's coins worth slightly more.  Think of it as a donation to everyone.

Lost WBTC makes Binance worth more. It's a donation to Binance.

[Amphenomenon]

So for those who want to work in the Ethereum ecosystem but enjoy the value of Bitcoin, this is an option. People can invest here because of all these reasons.

This is just another B.S for others to get Erc token wrapped in bitcoin value, I wonder what people enjoy in using the Ethereum Network  even with it high tx fee, maybe it is their meme token and NFT's which is often to ripe investors.

WBTC was originally created to bring the value of Bitcoin to the Ethereum network.

Wrong. WBTC was created to bring the value of Bitcoin to Binance, just like anything else they created. Adding Ethereum only makes it worse: that shitcoin itself is centrally controlled.

fredericktaylor was right WBTC started on the Ethereum blockchain (2019) and then move to other blockchains, I guess the Binance WBTC is the most popular because of the fame of the exchange and many as often missed it as actual bitcoin there, seen threads on the forum correcting such time back.
https://www.coingecko.com/learn/what-is-wrapped-bitcoin-wbtc-and-how-does-it-work
WBTC in Binance blockchain came in 2021, discovered through checking it chart at coingecko also.

[LoyceV]

I guess the Binance WBTC is the most popular because of the fame of the exchange and many as often missed it as actual bitcoin there

When withdrawing Bitcoin, they present a list of 5 options^*, 4 of those are designed to make people accept fake Bitcoins. I wouldn't call it "popular".

^*I haven't used it in a while, so it might even be more now.