Everything you wanted to know about Bitcoin Strategic Reserve

[yixichloro2xx]

First-time investors are buying Bitcoin!

ADOPTION IS ACCELERATING


Source: https://x.com/rovercrc/status/1958256978884731051?t=qJpQw6Xk5ADBGeLNbvmiqw&s=19

[Creeper0]

NEW: 🇸🇪 Swedish health tech company H100 Group acquires 102 BTC, bringing its total holdings to 911 BTC.
News Link

[laspol65]

Panama City has supported Bitcoin payments, which is even more good news, because those who play a major role in Bitcoin transactions will definitely think more about investing in Bitcoin. Because it has the most modern Bitcoin of the present time, the whole of Panama City has been attracted to its use.
Of course, they will play the biggest role in Bitcoin holding, I think there are many big holders hidden in this Panama City, they will also be ready to invest more Bitcoin.

[Bluedrem]

Source:   Pressrelease-Ming Shing

Despite China's ambivalence about Bitcoin, Hong Kong-based holding company Ming Shing has signed a $482.96 million deal to invest in Bitcoin. It expects to receive 4,250 BTC with this money. The transaction will be through a 120-month convertible promissory note, which guarantees long-term investment. Although Ming Shing and China already have a long-term relationship with Bitcoin, Ming Shing Group's new involvement in Bitcoin is expected to play a role in China's financial policy in the future.

[ruykeri]

BRAZILIAN VICE PRESIDENT'S CHIEF OF STAFF DEFENDS PROPOSAL TO BUY $19 BILLION WORTH OF #BITCOIN FOR RESERVES
BTC IS A REVOLUTION FOR PUBLIC FINANCES" IT'S "MEDICINE''


https://x.com/pete_rizzo_/status/1958461427238216151?t=btkdbAfdGX-Zz-wqA7m8nA&s=19

Brazil is now giving great importance to keeping Bitcoin as a national reserve. There was a hearing on this in the Brazilian Parliament. There, the Vice President's Chief of Staff presented it as digital gold and medicine for public finances. But the Central Bank has objected to this. Now let's see what happens. If Brazil starts reserving Bitcoin. Then Brazil will be one of a bitcoin reserves countries in  the world.

https://financefeeds.com/brazil-holds-first-public-hearing-on-strategic-bitcoin-reserve-proposal/

[fillippone]

Indeed Brazil has its first Bitcoin hearing today and they are considering buying Bitcoin for possibly $19 billion that is, they are holding a hearing on this amount of dollars in Bitcoin strategy reserves. Even they are already reviewing the $19 billion Bitcoin Bill 4501/2024. Maybe this is a preparation for their financial world that they have never received before. If this step taken in this country is successful, that is, if their bill is passed, then the custody of their Bitcoin reserves will go to their central bank and finance ministry. Of course this would be a big step because they would be adding Bitcoin to the national reserve but this country may have felt comfortable using them before.

Brazil Holds First Hearing on $19B Bitcoin Strategic Reserve Proposal

Brazil would be a perfect example of how a bigger economy can benefit from bitcoin adoption. A growing economy, young population, natural resources and technological knowledge.
I guess the investment in the right proportion could dramaticlallay improve the future path of this country.

[Cipherpz]

XRP Crypto News: Quid Miner Launches New Cloud Mining Contracts, Unlocking New Opportunities with XRP and BTC.
This new feature is a major step towards expanding XRP and its inclusion in the mining ecosystem. Quid Miner recently launched a new cloud mining contract, a platform that makes it easy for new users to get started. For those interested in cloud mining, this could be a new source of income.

https://x.com/BlakeInCrypto/status/1958493253914755324

[HelliumZ]

The Chinese-dominated country of Hong Kong is currently showing widespread interest in Bitcoin, and while China has repeatedly banned Bitcoin, Hong Kong is three steps ahead.
Hong Kong is the first Asian country to establish a strategic reserve for Bitcoin. This means that Asia, which has been relatively lagging behind in terms of strategic reserves for Bitcoin, will now move forward in Bitcoin investment.

https://x.com/pete_rizzo_/status/1958423672831512876?t=5AP0Aq-nPSXcqNjhYRk3Ig&s=19

[Bluedrem]

Brazil would be a perfect example of how a bigger economy can benefit from bitcoin adoption. A growing economy, young population, natural resources and technological knowledge.
I guess the investment in the right proportion could dramaticlallay improve the future path of this country.

Absolutely right. If we think about Bhutan, we have already seen how Bhutan has brought its declining economy up. The talented employees of their country were once working in different countries of the world without getting proper salaries, and as a result, the country gradually started losing talent. Then this Bitcoin came up with a solution to this problem. 40% of Bhutan's total GDP comes from Bitcoin mining. As a result, Bhutan is currently economically prosperous due to Bitcoin.
I sincerely believe that if a country strategically stores Bitcoin as a reserve, then no matter how big a storm hits the world economy, they will not fall behind economically because they are a Bitcoin-holding country.
Brazil may have understood this reality, which is why they have focused so much on Bitcoin.

[Qhunman]

https://x.com/pete_rizzo_/status/1958481717297094758?s=19

Sweden parliament to explore the benefit of adopting Bitcoin as a strategic reserve. This proposal was raised by Rickard Nordin a member of the swedish parliament proposing for his country to accept Bitcoin as part of his country foreign reserve, this proposal has been submitted and will heard  around September by the honourable house for consideration.

[fillippone]

https://x.com/pete_rizzo_/status/1958481717297094758?s=19

Sweden parliament to explore the benefit of adopting Bitcoin as a strategic reserve. This proposal was raised by Rickard Nordin a member of the swedish parliament proposing for his country to accept Bitcoin as part of his country foreign reserve, this proposal has been submitted and will heard  around September by the honourable house for consideration.

Using FX reserves to buy Bitcoin is an excellent idea.
It doesn’t involve taxpayers’ money, as it is budget-neutral. Secondly, it doesn't involve selling gold, i.e., devaluing the currency. Third, it devalues all the other currencies but the national one.
Of course, this can be done if a country actively manages foreign reserves.

[PremiumcryptoHub]

Bitcoin Reserve Strategy: Japan's Mac House Makes Bold First Purchase

Japan has another public company that is currently buying Bitcoin, meaning they have adopted Bitcoin as a strategic reserve. This company has already purchased 17.51 bitcoins today for the first time, maybe their Bitcoin investment journey will start here and they are following MetaPlant since they are companies from the same country. It is true that Mac House previously mentioned plans to keep 1000 Bitcoins in strategic reserves, this amount will certainly increase over time. Since Mac house have already accepted Bitcoin, maybe it's their corporate sector  and it is true that Bitcoin will be able to have a broad impact on their fashion industry as well.  

[Cossyblack]

Pennsylvania House bill to ban public officials from owning Bitcoin and digital assets if passed.

Violations could result in fines or imprisonment.



A House Bill No.1812 was introduced to the general Assembly of  Pennsylvania and if passed and signed into law will restrict public officials from owing nor transacting in Bitcoin or in any digital assets during their terms of service and for one year after leaving office in the state. This bill is sponsored by nine lawmakers in the house seeking to ban public officials from owing Bitcoin while in office and violators will be penalized . This Bill 1812 contradict president Donald Trump intentions of Making America the Bitcoin capital of the world. It pains me to see lawmakers fighting to denied others the right to financial freedom within a stipulated period of time.

[fillippone]

Pennsylvania House bill to ban public officials from owning Bitcoin and digital assets if passed.

Wow, this is a complete U-turn in stance toward cryptocurrencies. Although I couldxse a rationale here, I am wondering if this prohibition is toward cryptocurrencies alone, or it is shared amongst all asset classes.
I might see a reason why if Pennsylvania can invest in some asset, a public official cannot hold that very same asset ( I can understand the rationale), on the other hand I cannot comprehend the total closure before any explaination

[laspol65]

🚨JUST IN: 🇯🇵 Mac House purchased their first 17.51 BTC 💪

They called this a "proof of concept" and will see if they will continue buying. Their previously announced #Bitcoin Treasury Strategy target is 1,000 BTC.

Bitcoin Purchase link



Currently, the market has corrected, so they should definitely continue to buy Bitcoin, because holding it for a long time will definitely bring them success in the future. Because investors always expect big opportunities to buy Bitcoin.

[Just Common]

https://x.com/pete_rizzo_/status/1958523368627433742?t=MoraXC284YhIPcxeoJhiGg&s=19

[Just Say]

Pennsylvania House bill to ban public officials from owning Bitcoin and digital assets if passed.

Wow, this is a complete U-turn in stance toward cryptocurrencies. Although I couldxse a rationale here, I am wondering if this prohibition is toward cryptocurrencies alone, or it is shared amongst all asset classes.
I might see a reason why if Pennsylvania can invest in some asset, a public official cannot hold that very same asset ( I can understand the rationale), on the other hand I cannot comprehend the total closure before any explaination

They certainly have some existing disclosure laws that they must comply with, but this bill may still be in the process of being passed by the legislature, so i think it is not yet clear that it will pass. If this bill passes, it may be appropriate to ban government officials and their close relatives from owning Bitcoin. It seems that their law is very strict because they have mentioned that ethics and financial laws need to be changed because government officials may not be able to come into contact with not only Bitcoin but also other cryptocurrencies through these.

But in this context it is correct that they might enact a law against everything Trump does, where Donald Trump, future presidents, and other members of Congress will be prevented from using memecoins. Pennsylvania previously planned for a Bitcoin reserve and they mentioned that 10% of Bitcoin can be invested but now they have been rejection strategic Bitcoin reserve.

Pennsylvania rejects Bitcoin reserve plans
The proposed crypto ban followed Pennsylvania Representative Mike Cabell’s introduction of a bill empowering the treasurer to invest up to 10% of the state’s funds in Bitcoin. The BTC reserve plan, introduced in November, never left the state’s House finance committee.

[fillippone]

Pennsylvania House bill to ban public officials from owning Bitcoin and digital assets if passed.

Wow, this is a complete U-turn in stance toward cryptocurrencies. Although I couldxse a rationale here, I am wondering if this prohibition is toward cryptocurrencies alone, or it is shared amongst all asset classes.
I might see a reason why if Pennsylvania can invest in some asset, a public official cannot hold that very same asset ( I can understand the rationale), on the other hand I cannot comprehend the total closure before any explaination

They certainly have some existing disclosure laws that they must comply with, but this bill may still be in the process of being passed by the legislature, so i think it is not yet clear that it will pass. If this bill passes, it may be appropriate to ban government officials and their close relatives from owning Bitcoin. It seems that their law is very strict because they have mentioned that ethics and financial laws need to be changed because government officials may not be able to come into contact with not only Bitcoin but also other cryptocurrencies through these.

But in this context it is correct that they might enact a law against everything Trump does, where Donald Trump, future presidents, and other members of Congress will be prevented from using memecoins. Pennsylvania previously planned for a Bitcoin reserve and they mentioned that 10% of Bitcoin can be invested but now they have been rejection strategic Bitcoin reserve.

Pennsylvania rejects Bitcoin reserve plans
The proposed crypto ban followed Pennsylvania Representative Mike Cabell’s introduction of a bill empowering the treasurer to invest up to 10% of the state’s funds in Bitcoin. The BTC reserve plan, introduced in November, never left the state’s House finance committee.

This is a bill proposal. I am not a lawyer, and above all a lawyer knowing public laws in Pennsylvania, but I guess the road for the bill to be signed into law is quite long.
Probably this is going to be stopped somewhere and somehow, but it’s interesting seeing someone moving into the opposite direction.

[yixichloro2xx]

Will this announcement have good impact on Bitcoin

[Cossyblack]

Pennsylvania House bill to ban public officials from owning Bitcoin and digital assets if passed.

Wow, this is a complete U-turn in stance toward cryptocurrencies. Although I couldxse a rationale here, I am wondering if this prohibition is toward cryptocurrencies alone, or it is shared amongst all asset classes.
I might see a reason why if Pennsylvania can invest in some asset, a public official cannot hold that very same asset ( I can understand the rationale), on the other hand I cannot comprehend the total closure before any explaination

They certainly have some existing disclosure laws that they must comply with, but this bill may still be in the process of being passed by the legislature, so i think it is not yet clear that it will pass. If this bill passes, it may be appropriate to ban government officials and their close relatives from owning Bitcoin. It seems that their law is very strict because they have mentioned that ethics and financial laws need to be changed because government officials may not be able to come into contact with not only Bitcoin but also other cryptocurrencies through these.

But in this context it is correct that they might enact a law against everything Trump does, where Donald Trump, future presidents, and other members of Congress will be prevented from using memecoins. Pennsylvania previously planned for a Bitcoin reserve and they mentioned that 10% of Bitcoin can be invested but now they have been rejection strategic Bitcoin reserve.

Pennsylvania rejects Bitcoin reserve plans
The proposed crypto ban followed Pennsylvania Representative Mike Cabell’s introduction of a bill empowering the treasurer to invest up to 10% of the state’s funds in Bitcoin. The BTC reserve plan, introduced in November, never left the state’s House finance committee.

This is a bill proposal. I am not a lawyer, and above all a lawyer knowing public laws in Pennsylvania, but I guess the road for the bill to be signed into law is quite long.
Probably this is going to be stopped somewhere and somehow, but it’s interesting seeing someone moving into the opposite direction.

You're right this is only a proposal that was raised and sponsored by few parliament members. When a Bill is introduced to the house by an honourable member ,the speaker of the house Joanna McClinton will have to entertain it for debate but that doesn't mean it will be enacted For they re processes that must be followed as it will require votes of the third majority members of the house and Senate for it to get final passage. Pennsylvania State is a bitcoin state,this Bill is just dead on arrival.