Everything you wanted to know about Bitcoin Strategic Reserve

[fillippone]

Good analysis.
If I didn't believe we are on the right side of the trade, I wouldn't have spent thousands of hours on this forum.
Right for this reason, I am pretty confident Bitcoin will eventually emerge, yet the time frame for this will be longer than expected. I must admit I bought the idea of a faster bitcoin adoption when Trump inaugurated actually I am back to the original path of hyperbitcponisation

[Ambatman]

Bitcoin is still the greatest invention in human history, but calling it a "store of value" comparable to gold? The market is showing us that it's increasingly hard to justify when the institutions that actually need to preserve value for decades aren't buying it, not even in the tiny size that would be allowed by the liquidity of the current market.

a store of value fell more than 8% today
Yes I'm talking about Gold
It fell more than Bitcoin
And one of the reason was inflation came higher than expected.
Despite being like an hedge against inflation when it's price increases it affects the price of goods from certain industry
That rely on it
Which creates some time of inflation unlike Bitcoin that's outside the box.
Though it's saddening the government actions towards,, bitcoin
But thats to be expected to money that gives control.

Snip

A little off topic but in your avatar space don't you mean Say no to custodial or I'm missing something.

[laspol65]

NEW: Tennessee State Rep. Jody Barrett introduced a bill to create a "Tennessee Strategic Bitcoin Reserve" 🇺🇸
Source Link



Tennessee State Governor Jody Barrett has introduced a bill to create a Bitcoin Strategic Reserve to ensure the future of his state and to be economically successful. This is very good news for the current time. Because why would he stay away from Bitcoin, he wants to hold on to Bitcoin for his state for a long time. This is a very good and good plan. His plan and the bill he has introduced will definitely pass and the chances of success in holding Bitcoin for a long time are very high.

[Floczy]

..I am pretty confident Bitcoin will eventually emerge, yet the time frame for this will be longer than expected. I must admit I bought the idea of a faster bitcoin adoption when Trump inaugurated actually I am back to the original path of hyperbitcponisation

Hyperbitcoinization you mean (slight, typ0 error there)

When comparing world currencies, only the US Dollar is worth mentioning when we talk about Bitcoin. Unfortunately for the US Dollar, governments and big companies are now using Bitcoin as preferred choice. Everyother currency cannot be compared, I can mention my local currency lol 

When fiat loses value over time, Bitcoin gains value. When government keeps printing fiat to cover debt, Bitcoin becomes more scarce while demand increase, the value increases.

Back in history, countries will fight another countries over Gold, now Bitcoin is the digital Gold worth fighting for. No wonder, Trump is interested in Venezuela 

[JayJuanGee]

Snip

A little off topic but in your avatar space don't you mean Say no to custodial or I'm missing something.

Yeah... I should probably re-write it.

[Vompola]

Bitcoin is still the greatest invention in human history, but calling it a "store of value" comparable to gold? The market is showing us that it's increasingly hard to justify when the institutions that actually need to preserve value for decades aren't buying it, not even in the tiny size that would be allowed by the liquidity of the current market.

a store of value fell more than 8% today
Yes I'm talking about Gold
It fell more than Bitcoin
And one of the reason was inflation came higher than expected.
Despite being like an hedge against inflation when it's price increases it affects the price of goods from certain industry
That rely on it
Which creates some time of inflation unlike Bitcoin that's outside the box.
Though it's saddening the government actions towards,, bitcoin
But thats to be expected to money that gives control.

Gold has always been a favorite of people, so people are a little more sensitive to gold, but we must accept reality and know about reality. Suddenly, the price of gold has increased relatively a lot in the past few years and people's demand for gold has increased further, but currently many media outlets are publishing news about events like inflation, which can cause the price of gold to fall. This is not the only reason, if gold production increases in all the countries where gold is mined, then its change will be clear in the world market. That is, all in all, it can be said that gold is not outside the financial system. In this respect, Bitcoin is different from gold, no matter what the inflation of a country or the fall in the value of global currencies, it does not have a bad effect on Bitcoin because Bitcoin does not depend on any industry or it does not depend on the economy of any country.

[As-Soon-As]

 PANAMA NOW OFFERS 0% CAPITAL GAINS TAX ON BITCOIN AND CRYPTO

IT’S HAPPENING

Source Link: https://x.com/i/status/2017907604425715892

Currently, the government of Panama has made the capital tax on Bitcoin holdings of its citizens zero percent, which will encourage more people to invest in Bitcoin and new investors will show interest. Panama has many Bitcoin holdings, both small and large, and they will continue to try to hold their Bitcoin holdings for a longer period of time. As soon as Bitcoin holders receive all these updated news, the number of Bitcoin holders will increase.

[Jostern]

PANAMA NOW OFFERS 0% CAPITAL GAINS TAX ON BITCOIN AND CRYPTO

IT’S HAPPENING

Source Link: https://x.com/i/status/2017907604425715892

Currently, the government of Panama has made the capital tax on Bitcoin holdings of its citizens zero percent, which will encourage more people to invest in Bitcoin and new investors will show interest. Panama has many Bitcoin holdings, both small and large, and they will continue to try to hold their Bitcoin holdings for a longer period of time. As soon as Bitcoin holders receive all these updated news, the number of Bitcoin holders will increase.

That is a good development, what the government of Panama have done is try to make Bitcoin more accessible and comfortable and convenient for everyone in the country to have that common culture of buying bitcoin and holding bitcoin more freely.

There are countries in Africa which seems like they’re not completely accepting bitcoin, and they have to add more tax for individuals that are holding bitcoin which is a very shitty thing to do, and also people in Africa most especially countries like Nigeria would grateful if there government would do such thing that the Panama Government have done because they’re ready to support and motivate their citizens to buy and hold more bitcoin.

We would gladly welcome this in Africa, most especially good development like this that will make citizens have that mindset and motivation to support Bitcoin holders and encourage them to continue buying and holding Bitcoin.

[Derekfunds]

Good analysis.
If I didn't believe we are on the right side of the trade, I wouldn't have spent thousands of hours on this forum.
Right for this reason, I am pretty confident Bitcoin will eventually emerge, yet the time frame for this will be longer than expected. I must admit I bought the idea of a faster bitcoin adoption when Trump inaugurated actually I am back to the original path of hyperbitcponisation

The level at which Bitcoin Dip this week has made a lot of people to panic and I think some people has already sell out their Bitcoin investment because of the feeling that Bitcoin won't rise again which is not true, this is  just a characteristic of Bitcoin ( volatility) and it doesn't start today and I realized the reason some people are panicking and selling is because they used what they can not afford to lose and it is very wrong and some purchased with the mindset of selling in short term. Definitely Bitcoin will surge and we should not worry about it much rather we should use this opportunity to increase or grow our portfolio big as we  may not see this kind of dip again.

[Taskford]

Good analysis.
If I didn't believe we are on the right side of the trade, I wouldn't have spent thousands of hours on this forum.
Right for this reason, I am pretty confident Bitcoin will eventually emerge, yet the time frame for this will be longer than expected. I must admit I bought the idea of a faster bitcoin adoption when Trump inaugurated actually I am back to the original path of hyperbitcponisation

The level at which Bitcoin Dip this week has made a lot of people to panic and I think some people has already sell out their Bitcoin investment because of the feeling that Bitcoin won't rise again which is not true, this is  just a characteristic of Bitcoin ( volatility) and it doesn't start today and I realized the reason some people are panicking and selling is because they used what they can not afford to lose and it is very wrong and some purchased with the mindset of selling in short term. Definitely Bitcoin will surge and we should not worry about it much rather we should use this opportunity to increase or grow our portfolio big as we  may not see this kind of dip again.

There's nothing new about it since this is common reaction of people which does not have lots of experience on Bitcoin. Since if they look at series of situations happen on the past they can easily see that this movement is normal and this is not the first time this situation happen.

If they just change those negative outlook to positive matter then see that current happening if great opportunity to buy lots of Bitcoin there's provably a chance they won't get panic.

For sure more to come from Bitcoin since the adoption towards countries creating Bitcoin reserves still growing up and lots of institutions still look Bitcoin as good long term investment asset which always good to invest.

[UchihaSarada]

There's nothing new about it since this is common reaction of people which does not have lots of experience on Bitcoin. Since if they look at series of situations happen on the past they can easily see that this movement is normal and this is not the first time this situation happen.

If they just change those negative outlook to positive matter then see that current happening if great opportunity to buy lots of Bitcoin there's provably a chance they won't get panic.

For sure more to come from Bitcoin since the adoption towards countries creating Bitcoin reserves still growing up and lots of institutions still look Bitcoin as good long term investment asset which always good to invest.

It's possible to learn about the market with price history and psychology cycle but it's only paper learning and while it's good, this pure learning is simply not enough to help people mastering the market from price cycle to psychological cycle, and how the market is manipulated with which tools like news, fuds, regulations.

People are only become more mastering in the market with their money engaged in the market, their time spent here for getting their own experience. Experiencing the market means they're applying what they learned with their actions in the market. It must be experience with their actual money, not with demo accounts as without spending real money in the market, experience will be less real, and no longer sensitive by emotion and psychology.

[As-Soon-As]

🇩🇪 GERMANY NOW OFFERS 0% CAPITAL GAINS TAX ON BITCOIN HELD FOR OVER 1 YEAR

Source Link: https://x.com/i/status/2018490117015437522

The German government has created a great opportunity for Bitcoin holders, those who have kept Bitcoin away for more than a year will be able to hold it for a long time without tax. As a result, Bitcoin investments will be open to holding it for a longer period of time, those who have not held Bitcoin will definitely express their interest in holding Bitcoin. This is the only opportunity to hold Bitcoin for a long time because it has imposed 0% tax, but this news will attract more people to hold Bitcoin for a long time, great.

[Ambatman]

🇩🇪 GERMANY NOW OFFERS 0% CAPITAL GAINS TAX ON BITCOIN HELD FOR OVER 1 YEAR

This is really beautiful and would encourage people to hold rather than trade it
Which would create a supply shock keeping manipulation constant and should drive price slowly /organic
But it undermines people's opinion of it as a medium of exchange
And stamps the title digital Gold.
Okay is Bitcoin price low enough for the US government to start buying
Because I was aware they wouldn't want to buy above $100K.

[moneystery]

Virginia has finally become one of the states directly aiming to create a strategic Bitcoin and crypto reserve fund through Senate Bill 557. Virginia lawmakers have proposed establishing a strategic Bitcoin and crypto reserve fund to allow them to use state funds to invest in Bitcoin and crypto. If this bill is passed, it will place Virginia alongside other states that have officially allocated state funds for investment in Bitcoin and crypto assets, enhancing their position in this regard.

SENATE BILL NO. 557

A BILL to amend the Code of Virginia by adding in Chapter 18 of Title 2.2 an article numbered 6, consisting of sections numbered 2.2-1844 through 2.2-1848, relating to Commonwealth Strategic Cryptocurrency Reserve Fund established; report.
https://lis.virginia.gov/bill-details/20261/SB557/text/SB557

[laspol65]

JUST IN: 🇺🇸 Illinois proposes the Community #Bitcoin Reserve Act. 🟠

The bill creates a state program to hold Bitcoin in multisig cold storage, starting with the Altgeld Bitcoin Reserve. $BTC cannot be traded or sold without new legislation.
Source Link: https://x.com/i/status/2019592764368031944




The Illinois community has proposed a Bitcoin reserve, but I definitely like the idea that they will create a new law that will allow people to buy and sell Bitcoin. But no one can sell Bitcoin outside of the law. This is the best law and this law is good enough for holding Bitcoin for a long time.

[fillippone]

Here we go again!

Brazil Proposes National Bitcoin Reserve, Targets 1 Million BTC Over Five Years

This reminds me of the US proposal:

The bill, presented by Federal Deputy Luiz Gastão (PSD/CE), outlines a comprehensive framework to integrate Bitcoin into the country’s financial strategy and diversify national reserves.

The proposed legislation establishes several guidelines for RESBit. First, the plan calls for a gradual accumulation of at least 1,000,000 BTC over five years. It prohibits the sale of bitcoins seized by Brazilian judicial authorities, ensuring that these assets remain within public control.

[laspol65]

Here we go again!

Brazil Proposes National Bitcoin Reserve, Targets 1 Million BTC Over Five Years

Brazilian lawmakers have taken the initiative to create a Bitcoin strategic reserve called RESBIT, but if this bill is fully completed, it will be a strategic reserve of one million Bitcoins. If a strategic reserve is established for a country with 1 million Bitcoins, that country will gain great fame, as the MSTR company is very close to collecting Bitcoin. So if Brazil can complete the one million Bitcoin reserve, it will definitely be able to reach the highest success and give the country a place in the top. This Bitcoin strategic reserve called Resbit is prohibited from selling Bitcoins seized by the Brazilian judiciary and authorities.

[avp2306]

Here we go again!

Brazil Proposes National Bitcoin Reserve, Targets 1 Million BTC Over Five Years

This reminds me of the US proposal:

The bill, presented by Federal Deputy Luiz Gastão (PSD/CE), outlines a comprehensive framework to integrate Bitcoin into the country’s financial strategy and diversify national reserves.

The proposed legislation establishes several guidelines for RESBit. First, the plan calls for a gradual accumulation of at least 1,000,000 BTC over five years. It prohibits the sale of bitcoins seized by Brazilian judicial authorities, ensuring that these assets remain within public control.

This is is really a huge news since this proposal is literally insane. What brazil aim is provably not all about accumulating Bitcoin, since with this latest actions done by their government its like they try to reshape the national reserves of each country.

By deciding banning selling those coins they seize, Government of Brazil shows or ensures that each volumes they get will make their national holdings became more stronger, they are trying to avoid that it will just disappear without maximizing those potential returns they can possibly get. What Brazil did is similar to the action done by US, but they are more clear with their targets.

[Xackie]

Good analysis.
If I didn't believe we are on the right side of the trade, I wouldn't have spent thousands of hours on this forum.
Right for this reason, I am pretty confident Bitcoin will eventually emerge, yet the time frame for this will be longer than expected. I must admit I bought the idea of a faster bitcoin adoption when Trump inaugurated actually I am back to the original path of hyperbitcponisation

The level at which Bitcoin Dip this week has made a lot of people to panic and I think some people has already sell out their Bitcoin investment because of the feeling that Bitcoin won't rise again which is not true, this is  just a characteristic of Bitcoin ( volatility) and it doesn't start today and I realized the reason some people are panicking and selling is because they used what they can not afford to lose and it is very wrong and some purchased with the mindset of selling in short term. Definitely Bitcoin will surge and we should not worry about it much rather we should use this opportunity to increase or grow our portfolio big as we  may not see this kind of dip again.

‎This dip shouldn't be something that will make our emotions high. This dip isn't new , it always happens in every cycle and we know what comes next after it. Alot of people panic because their mindset is that they want to keep seeing profit alone. or at times they use money they can't afford to lose to invest. So instead of panicking unnecessarily it's better to accumulate more with your DCA funds by using your spare cash.
‎

[STT]

🇩🇪 GERMANY NOW OFFERS 0% CAPITAL GAINS TAX ON BITCOIN HELD FOR OVER 1 YEAR

Thats massive, Germany is highly respected in the bond world and capital trades there on a long term basis so perhaps they want to open up that market to Bitcoin also but its very positive.   Germany is one of the worlds biggest exporters of some goods which are unique, large capital usually makes itself useful within such economies so its pretty important news I think.
    Thats so helpful overall and influential I think that it should be stated as an ongoing positive for the Bitcoin market price itself, thats helped my perspective for this year and following years regarding reasonable price objectives