Everything you wanted to know about Bitcoin Strategic Reserve

[Bushdark]

JUST IN: 🇪🇺 ECB President Christine Lagarde says, “Confident #Bitcoin won't enter reserves in EU.”

Former Binance CEO CZ says, “EU needs #Bitcoin.” 🇪🇺


https://x.com/BitcoinMagazine/status/1885329374678798343?t=sON1hYVgWLeLoOJRU60LNw&s=19

Sir you're right but not just the EU,the world need Bitcoin, everyone need Bitcoin

The world needs Bitcoin not just a particular region. The way we are seeing the drastic move in the adoption of Bitcoin, a time will come that Bitcoin will be scarce which is going to make the price skyrocket and those that have been contemplating whether to buy Bitcoin or not will be left regretting their inability to buy at the early stage. Investing in cryptocurrency like Bitcoin is a game changer for everyone that like to invest in digital assets. What it's going to take is time and we should be prepared for the season when people would be begging to own a Bitcoin.

The way many countries and province have been been talking about Bitcoin having their own Bitcoin reserve, I hope we are not going to be seeing scarcity of Bitcoin as time goes on. If every country decides to have there own Bitcoin reserve, I'm skeptical if there will be enough Bitcoin for scalp investors. Bitcoin has been a great investment and it's surprising to see people that have been an antagonists of Bitcoin coming to get their own portfolio. It has been a great journey for Bitcoin to attain this very height and we are still counting.

[laijsica]

State by state are moving forward in the strategic reserve of Bitcoin one after another in America.
If every state continues to embrace Bitcoin in terms of increasing the strategic reserve it will be great for future for world.
In the meantime, bills have been passed in the House/Senate in Arizona and Utah, which are waiting to become law.



https://x.com/BitcoinMagazine/status/1885381552877531175

[ultrloa]

https://x.com/BitcoinMagazine/status/1885381552877531175?t=SjaAUWDlLGL9rVzr9Txpwg&s=19

Trish is is  very interesting picture as it helps visualise the path of each proposal toward discussion and then approval.
We often see misleading title with click bait content, but website like Bitcoinlaws.io and this picture help setting the record right.

Exactly it seems more state are now embracing the idea of making their own Bitcoin reserves.

If the other 35 states in US would do it and became as aggressive as Arizona and Utah provably that there's fast development will happen towards this reserve plans. But still the developments is ongoing and provably that more states or even countries would announce their participation and creates their own Bitcoin strategic reserve.

Maybe people here would like to read the article created by Stefanie Wayco, Matthew Catania and Gregory Bailey title "The Blue Print For A Bitcoin National Reserve" https://www.duanemorris.com/articles/blueprint_for_national_bitcoin_reserve_0125.html lots of interesting information to read in that article they created.

[Cossyblack]

This is huge!

🚨 NEW: MISSOURI BITCOIN RESERVE BILL

Senate Bill 614 would allow Missouri to invest 10% of public funds in Bitcoin!

https://x.com/Julian__Fahrer/status/1885523288195228126?s=19

[fillippone]

<…>

Very interesting article.
Legal perspective is always difficult to grasp for a non technical user, let alone for someone who is not even an US citizens.
I will add it to OP.

[GIF-JOBS]

🇺🇸 Spot #Bitcoin ETFs bought $5.3 billion worth of bitcoin this month, while miners only mined $1.4 billion worth of new bitcoin.  

So much demand, not enough supply 


https://x.com/NikolausHoff/status/1885705772320903332?t=DtWlPeSSj1tQDfSXSrvfmQ&s=19

[Cossyblack]

https://x.com/BitcoinMagazine/status/1885381552877531175

This is so awesome,I love the co-operation in this states, seeing how determine and focus they are gladden my heart and it's moving quickly and smoothly,Just like a moving train, Bitcoin is unstoppable.
 
I will Love to see MISSOURI added to the charts.

Truly American's are embracing Bitcoin

[fillippone]

While in the US we see many States progressing trough the implementation of a Bitcoin Reserve, in Europe all the eurozone countries are standing still, while Czech Republic seems the one closer.
In the meantime I am wondering what China is doing, with their supposed ban on bit oin mining.

[laijsica]

While in the US we see many States progressing trough the implementation of a Bitcoin Reserve, in Europe all the eurozone countries are standing still, while Czech Republic seems the one closer.
In the meantime I am wondering what China is doing, with their supposed ban on bit oin mining.

Just a few years ago, China led the world in Bitcoin mining is now being replaced by the United States and other countries.
Before May 2021, China was responsible for about 70% of the world's Bitcoin mining, but under various pretexts, the Xi Jinping administration dramatically revised its policies, which resulted in the cessation of activity.
I think they will start Bitcoin again for intra-trade transactions. Its close ally Russia has started transactions China should not be left behind.

News source

[Cossyblack]

US LAWMAKERS RECEIVED OVER 3,000 LETTERS DEMANDING A #BITCOIN RESERVE THIS WEEK

THEY WANT BTC ON AMERICA’S BALANCE SHEET 🚀  

https://x.com/pete_rizzo_/status/1885832627870998750?t=tlXNlLF-dMz2MhYauzi-Cw&s=19



Speed up the process,we can't wait any longer. Bitcoin Reserve must be a reality

[Cossyblack]

While in the US we see many States progressing trough the implementation of a Bitcoin Reserve, in Europe all the eurozone countries are standing still, while Czech Republic seems the one closer.
In the meantime I am wondering what China is doing, with their supposed ban on bit oin mining.

Some of these  countries don't believe setting up a Strategic Bitcoin reserve can boost their economy.
They are just waiting to see and Study the Economy boost a Bitcoin reserve will bring to the US. if it worked I believe most countries will likely want to setup a strategic Bitcoin reserve.

[arwin100]

While in the US we see many States progressing trough the implementation of a Bitcoin Reserve, in Europe all the eurozone countries are standing still, while Czech Republic seems the one closer.
In the meantime I am wondering what China is doing, with their supposed ban on bit oin mining.

This is what happen if you are been surrounded by bright people which can give advice you on what to do especially on their adaption or plans to create a Bitcoin reserve for their country. Also feel sorry for Europe that they are been lead by those people who's closed minded and just want to stick on traditional system.

But for now its still good that they allow the usage of Bitcoin in their country and by this there's huge chance that creating Bitcoin reserve will happen in future especially those traditional officials will step out on their office. Also CZ believes that China's creation of their own Bitcoin Reserve is inevitable and for sure that's going to happen knowing their country holds a lot of Bitcoin China Building a Bitcoin Reserve is Inevitable

[fredericktaylor]

Former Treasury Secretary Larry Summers: “The idea we should have some kind of national Bitcoin reserve is craz.

https://x.com/BitcoinNewsCom/status/1886038044597186655?t=3rkiUX9nYuN5wEEXNHa5pQ&s=19

[OfficialGratejoy]

Is a pool of reserve bitcoin held by government,organisations or individuals to support the bit coin ecosystem,promote financial stability.
Purpose for this bitcoin strategic reserve:
-Ecosystem support
-Risk management
-Financial stability

[JayJuanGee]

Former Treasury Secretary Larry Summers: “The idea we should have some kind of national Bitcoin reserve is craz.
https://x.com/BitcoinNewsCom/status/1886038044597186655?t=3rkiUX9nYuN5wEEXNHa5pQ&s=19

There could be some pandering going on in regards to the crypto reserve matters, yet hopefully, anyone studying bitcoin should be able to recognize/appreciate various rationale for a bitcoin strategic reserve, even though I doubt that the US government is even close to being capable to actually put some kind of responsible spending into practice, which would be part of the rationale for creating and following through with a bitcoin reserve that might include several years of building it up and then several years of living within our means and then to be able to later get the benefits of having had built it and the compounding effects of it.  Hard to see discipline over more than one administration, and discipline within Trump seems a bit of a fantasy expectation, too.

[Macabury]

UK's norminal GDP has been down since 2007. I think this is a clear indication they need to follow the foot print established by Trump's administrator to set Bitcoin reserve in the UK. The UK prime minister Keir Starmer has to make amendments and adjustments to their financial laws to create room for adoption of Bitcoin reserve.

[SuperBitMan]

Former Treasury Secretary Larry Summers: “The idea we should have some kind of national Bitcoin reserve is craz.
https://x.com/BitcoinNewsCom/status/1886038044597186655?t=3rkiUX9nYuN5wEEXNHa5pQ&s=19

There could be some pandering going on in regards to the crypto reserve matters, yet hopefully, anyone studying bitcoin should be able to recognize/appreciate various rationale for a bitcoin strategic reserve, even though I doubt that the US government is even close to being capable to actually put some kind of responsible spending into practice, which would be part of the rationale for creating and following through with a bitcoin reserve that might include several years of building it up and then several years of living within our means and then to be able to later get the benefits of having had built it and the compounding effects of it.  Hard to see discipline over more than one administration, and discipline within Trump seems a bit of a fantasy expectation, too.

I have not seen good action in the part of the US government in creating a Bitcoin reserve, this administration is supporting Bitcoin but I think they need to create a Bitcoin reserve because if they don't it simply means they don't believe in Bitcoin potential they only believe and support it being a good coin and how they can also let there citizens use and benefit from it without any interruption, any government that believes in Bitcoin potential won't delay the process of having a Bitcoin reserve because they will see it has a good way for generating income for there nation, nations like El Salvador have already adopted Bitcoin as a national reserve asset and they never delayed the process in June 2021 the Bitcoin Law was passed quickly by the Legislative Assembly of El Salvador and in september 2021 Bitcoin officially became legal tender alongside the U.S. dollar and that was how the government began buying Bitcoin and holding it as part of the country's reserves, there president always announced these purchases on social media, this is a country that knows the potential of Bitcoin and they have truly seen the benefit.

[JayJuanGee]

Former Treasury Secretary Larry Summers: “The idea we should have some kind of national Bitcoin reserve is craz.
https://x.com/BitcoinNewsCom/status/1886038044597186655?t=3rkiUX9nYuN5wEEXNHa5pQ&s=19

There could be some pandering going on in regards to the crypto reserve matters, yet hopefully, anyone studying bitcoin should be able to recognize/appreciate various rationale for a bitcoin strategic reserve, even though I doubt that the US government is even close to being capable to actually put some kind of responsible spending into practice, which would be part of the rationale for creating and following through with a bitcoin reserve that might include several years of building it up and then several years of living within our means and then to be able to later get the benefits of having had built it and the compounding effects of it.  Hard to see discipline over more than one administration, and discipline within Trump seems a bit of a fantasy expectation, too.

I have not seen good action in the part of the US government in creating a Bitcoin reserve, this administration is supporting Bitcoin but I think they need to create a Bitcoin reserve because if they don't it simply means they don't believe in Bitcoin potential they only believe and support it being a good coin and how they can also let there citizens use and benefit from it without any interruption, any government that believes in Bitcoin potential won't delay the process of having a Bitcoin reserve because they will see it has a good way for generating income for there nation, nations like El Salvador have already adopted Bitcoin as a national reserve asset and they never delayed the process in June 2021 the Bitcoin Law was passed quickly by the Legislative Assembly of El Salvador and in september 2021 Bitcoin officially became legal tender alongside the U.S. dollar and that was how the government began buying Bitcoin and holding it as part of the country's reserves, there president always announced these purchases on social media, this is a country that knows the potential of Bitcoin and they have truly seen the benefit.

Of course, the USA has way different dynamics than El Salvador, including that having the so far world's reserve currency likely contributes to their contemplations about the topic that come in different ways than those of El Salvador's.  

Another thing is that there has been proposed legislation coming from Senator Lummis, but also there is currently a committee that is further looking into the matter (and probably taking comments from legislators and other governmental branches and taking public comments too).

[SuperBitMan]

Former Treasury Secretary Larry Summers: “The idea we should have some kind of national Bitcoin reserve is craz.
https://x.com/BitcoinNewsCom/status/1886038044597186655?t=3rkiUX9nYuN5wEEXNHa5pQ&s=19

There could be some pandering going on in regards to the crypto reserve matters, yet hopefully, anyone studying bitcoin should be able to recognize/appreciate various rationale for a bitcoin strategic reserve, even though I doubt that the US government is even close to being capable to actually put some kind of responsible spending into practice, which would be part of the rationale for creating and following through with a bitcoin reserve that might include several years of building it up and then several years of living within our means and then to be able to later get the benefits of having had built it and the compounding effects of it.  Hard to see discipline over more than one administration, and discipline within Trump seems a bit of a fantasy expectation, too.

I have not seen good action in the part of the US government in creating a Bitcoin reserve, this administration is supporting Bitcoin but I think they need to create a Bitcoin reserve because if they don't it simply means they don't believe in Bitcoin potential they only believe and support it being a good coin and how they can also let there citizens use and benefit from it without any interruption, any government that believes in Bitcoin potential won't delay the process of having a Bitcoin reserve because they will see it has a good way for generating income for there nation, nations like El Salvador have already adopted Bitcoin as a national reserve asset and they never delayed the process in June 2021 the Bitcoin Law was passed quickly by the Legislative Assembly of El Salvador and in september 2021 Bitcoin officially became legal tender alongside the U.S. dollar and that was how the government began buying Bitcoin and holding it as part of the country's reserves, there president always announced these purchases on social media, this is a country that knows the potential of Bitcoin and they have truly seen the benefit.

Of course, the USA has way different dynamics than El Salvador, including that having the so far world's reserve currency likely contributes to their contemplations about the topic that come in different ways than those of El Salvador's.  

Another thing is that there has been proposed legislation coming from Senator Lummis, but also there is currently a committee that is further looking into the matter (and probably taking comments from legislators and other governmental branches and taking public comments too).

The USA government may adopt the Bitcoin reserve strategy however it will take long for it to be implemented because there are a lot of procedures that should be followed, when it comes to senator Lummis  proposal it requires further deliberation and approval within the Senate, the outcome will depend on various factors which include political support and economic considerations.

[LDL]

In addition to passing the Bitcoin Reserve Bill, Donald Trump has now confirmed that the Bitcoin Reserve Plan will achieve a 5% rate for 5 years.
This groundbreaking move by Donald Trump will certainly further strengthen the confidence and interest of holders in the Bitcoin Strategic Reserve.

BULLISH: Trump calls for a Strategic #Bitcoin Reserve with a plan to acquire 5% of all Bitcoin over 5 years! 🚀