Everything you wanted to know about Bitcoin Strategic Reserve

[Cossyblack]

Bitcoin Strategic Reserve gaining momentum in the US as more States join the race,making it a total of 19 States.

- Oregon
- New Jersey
- Mississipi
- Indiana

https://x.com/Bitcoin_Laws/status/1886572911424888844?t=pBCEgMlubduLH1RyNFpaAg&s=19

[fredericktaylor]

🇺🇸 Coinbase urges US regulators to remove barriers for banks regarding #Bitcoin and crypto services.



https://x.com/BitcoinMagazine/status/1886744305190006898?t=_L5qAaWV69BpEptOUPqBBQ&s=19

[cryptoWODL]

https://x.com/Cointelegraph/status/1886571692321132852

El Salvador has added 11 more Bitcoins to its strategic reserve.

El Salvador has purchased Bitcoin in this way several times before i.e. they have purchased 11 bitcoins several times before. If I am not wrong then maybe here is not the right place to post the Bitcoin purchase of El Salvador, because a thread is already open about El Salvador's Bitcoin purchase. Maybe it would be best to discuss this there.

The first country in the world to embrace Bitcoin as legal tender will now be able to use its valuable assets, such as gold, as a strategic reserve

Those who know and understand Bitcoin may already know that El Salvador accepted Bitcoin many years ago, which is why they are buying Bitcoin regularly. But you mentioned that they can use gold as a reserve, maybe it is wrong because they are only buying Bitcoin and accepted Bitcoin as a reserve. We have seen that El Salvador's investment portfolio consists only of Bitcoin.

See they only bought Bitcoin, https://nayibtracker.com/

[Cossyblack]

🇺🇸 Taxes Legislator Giovanni Capriglione says, “I want Texas to have a Strategic #Bitcoin Reserve first." 🤯

THE GAME IS ON!!! 🚀



https://x.com/Vivek4real_/status/1886803331487596602?t=Re0F29RmBDX68RQUc10rag&s=19

[fredericktaylor]

Huge things happening today: 

Trump's Crypto Czar is evaluating a "Bitcoin Reserve 🇺🇸"

WOW!

https://x.com/NikolausHoff/status/1886875274052288613?t=98b4dyWG6lv8w8WIhqcPUg&s=19

[Powerjumboo]

NEW: 🇺🇸 Ohio State Senator Sandra O'Brien introduced a bill to create a Bitcoin Reserve and require state entities to accept bitcoin as payment.



https://x.com/BitcoinMagazine/status/1886922944263172346?t=OdVo2Re3xUbmoqsoecvgQw&s=19

[cxtreenal]

Logan Manhart, South Dakota’s State Representative, wrote on X on Tuesday. “Now is one of the few chances government has at being proactive.
He also said, it is likely South Dakota will be the first state in the nation to pass a Bitcoin reserve bill.

https://decrypt.co/303255/south-dakota-seeks-to-establish-bitcoin-reserve-as-more-states-join-the-trend

https://x.com/TheBitcoinConf/status/1886892784767893879

 

https://x.com/BitcoinMagazine/status/1886891784631972030

[franky1]

there is some chatter and gossip about confusions between:
a. bitcoin strategic reserve
b. us sovereign wealth fund

so lets clarify

(a) is where part of the national or state treasury(public money) is diversified into investments of bitcoin

(b) is a separate vessel of investment outside of the public treasury money. where a national or local government can make a privatised portfolio of investments in companies and assets that are not part of the treasury. thus the company/asset does not become "nationalised".. its like the sovereign fund is a private investment in companies/assets that are not part of a treasury valuation/control

the reason for (b)(sovereign fund) is that if a nation/state becomes default on debt. the funds to pay out the debt only come from the treasury and not touched by the separate vessel of the sovereign wealth fund

(a) is public money/debt of taxes public service budget and loans affecting the treasury budget  (b) is private investment by a government thats not part of a treasury budget/debt

for instance
if (a) bought majority shares of a bank. the bank becomes nationalised and governed/owned/in-control-of by the treasury
if (b) bought majority shares of a bank. the bank remains privatised and not treated as nationalised, where the shareholder is treated just like any other share holder

[Powerjumboo]

JUST IN: 🇭🇰 Hong Kong Legislator Johnny Ng says Hong Kong needs to accelerate the study of the Strategic #Bitcoin Reserve.

Asia is getting ready 🚀



https://x.com/BitcoinMagazine/status/1887104001549697403?t=qdlZu0i0XB8DMY73R0b-_w&s=19

[Free Market Capitalist]

With the strategic reserves, which are being planned but none have been approved (except for the one in El Salvador) and the way the price is behaving lately, I have the impression that we are in the calm before the storm. As soon as the first one is approved and we start buying, there will be a FOMO to approve the rest quickly and start buying as well. It looks to me like we are going to see huge green candles. It could be simple wishful thinking, though, but I think the data supports what I think.

[franky1]

With the strategic reserves, which are being planned but none have been approved (except for the one in El Salvador) and the way the price is behaving lately, I have the impression that we are in the calm before the storm. As soon as the first one is approved and we start buying, there will be a FOMO to approve the rest quickly and start buying as well. It looks to me like we are going to see huge green candles. It could be simple wishful thinking, though, but I think the data supports what I think.

what if i told you they are strategically waiting out the ATH and then go on a buying spree in the correction period.
what if i told you they are strategically waiting for the correction period. and then buying OTC to not affect the public exchange market price

we will get the natural ATH season green candles.. so lets not even bother trying to suggest that this spring/summers ATH is only happening due to trump.. lets just be honest and remind ourselves that ATH season is a known event of the bitcoin cycle and not fool ourselves into pretending its all due to trump

i do love to see the comedy of people trying to suggest the upcoming ATH is based on trumpyism.. but those comedians then mist try to explain to themselves why did the 2021 ATH happen, was it bidenism.. or will they admit that its bitcoins natural season of its natural bitcoin economic cycle. where bitcoin has its own economics

[ChocolateBitcoinK]

$10 TRILLION BLACKROCK MOVES TO LIST #BITCOIN EXCHANGE PRODUCT IN EUROPE 🚀
from here




NEW MEXICO BECOMES THE 17th STATE TO FILE FOR STRATEGIC #BITCOIN RESERVE BILL

THE STATES WANT BTC 👏
from here

[PremiumcryptoHub]

At the moment many states in the United States are accepting Bitcoin reserves on a regular basis, but they have not yet confirmed their Bitcoin reserves. I think states in the United States are now slowly accepting Bitcoin reserves, but eventually all states will accept Bitcoin.

New Mexico has now adopted Bitcoin reserves, but the decision they made for the Bitcoin reserve, they were given a total of 5 percent of the funds to invest in Bitcoin.

NEW MEXICO BITCOIN RESERVE BILL

SB57 Allows New Mexico to invest 5% of public funds into Bitcoin!

https://x.com/Julian__Fahrer/status/1887178587893342457?t=fbL12A3rMTYW7B8LsnnKXw&s=19

[As-Soon-As]

🚨 OHIO BITCOIN RESERVE BILL

Senate Bill 57 is the SECOND Reserve Bill in Ohio.
https://x.com/Julian__Fahrer/status/1886919974486471018?t=iALkrRUc-m4OXy6ImezJHw&s=19
It authorizes investment in Bitcoin (specifically), and has 5 year HODL time.

Their other Bill is in the House (HB18).

NOTE: SB57 is  *BITCOIN ONLY*. The House bill is for 'crypto'.

[Cossyblack]

At the moment many states in the United States are accepting Bitcoin reserves on a regular basis, but they have not yet confirmed their Bitcoin reserves. I think states in the United States are now slowly accepting Bitcoin reserves, but eventually all states will accept Bitcoin.

New Mexico has now adopted Bitcoin reserves, but the decision they made for the Bitcoin reserve, they were given a total of 5 percent of the funds to invest in Bitcoin.

NEW MEXICO BITCOIN RESERVE BILL

SB57 Allows New Mexico to invest 5% of public funds into Bitcoin!

https://x.com/Julian__Fahrer/status/1887178587893342457?t=fbL12A3rMTYW7B8LsnnKXw&s=19

It's spreading so fast
The way States are now adopting Bitcoin looks like nobody wants to be left behind. This is a promising shots,seeing what you can actually achieve and accomplish with Bitcoin,it will be  so bad if you fail to grab this great opportunity.

It will surely spread across the world

[Cossyblack]

Bitcoin Reserve Race: AZ takes the lead!

Arizona's Senate Bill 1025 passed both Democrat and Republican caucus votes, and now moves to a general floor vote.



one Last move and it will be pass into Law

https://x.com/Bitcoin_Laws/status/1887212702290092337?t=WuXaZ7nRV3jr9c6wO_LuWg&s=19

[icebar]

Utah is moving ahead of the curve as the first state in the United States to adopt a Bitcoin reserve. They are going to pass a bill allowing public funds to be invested in Bitcoin.



https://x.com/BitcoinNewsCom/status/1887236826353549635?t=lXxWTC-0asKnEsi9SaBGGw&s=19

[laspol65]

U.S. President Trump’s Crypto Czar @DavidSacks says, “The first thing the President instructed us to do was explore a Strategic Bitcoin Reserve”

 

Link and Video link add: https://x.com/DocumentingBTC/status/1886872021172183250?t=6Bvmfx6iT5QUDtPnxKbnQA&s=19

[ChocolateBitcoinK]

$472 billion asset manager US Bank reports $24 million holdings in #Bitcoin ETFs, up from its previous $14 million according to its latest SEC filings.
from here

[IceLincoln]

While we’re happy for the creation of bitcoin strategic reserves, there are those who still aren’t, maybe they’re still stock on their old ways or their reasons are valid. To what extent cos there may be some potential drawbacks.
Critics are already saying it’s a bad deal for taxpayers. What do you think?