Everything you wanted to know about Bitcoin Strategic Reserve

[Popkon6]

Source: https://x.com/i/status/2061336098777792568  

You are changing the direction of the discussion, altcoin related discussions are totally prohibited here. You see in the title that Reserve posts are suitable for doing Bitcoin strategies here, moreover the stock you mentioned is completely opposite to Bitcoin, has nothing to do with Bitcoin. So don't confuse people by spreading such information, correct yourself because all the discussions here are centered around Bitcoin.

[SatsPH]

Here is the full text of Congressman Nick Begich's Strategic Bitcoin Reserve bill now published.



https://www.congress.gov/bill/119th-congress/house-bill/8957/text

I know that it's just to early as per the tracker, it was just introduce and will have to go on reviews and debates before it will be signed by Trump.
But still a historic milestone already.

Future secure.

[fillippone]

Here is the full text of Congressman Nick Begich's Strategic Bitcoin Reserve bill now published.



https://www.congress.gov/bill/119th-congress/house-bill/8957/text

I know that it's just to early as per the tracker, it was just introduce and will have to go on reviews and debates before it will be signed by Trump.
But still a historic milestone already.

Future secure.

At this point, there are many BSR - like bills at different stages of approval.
It's interesting seeing those kinds of proposals being put forward, even if the price action is not that positive.
Actually, it's best to buy at 60,000 than at 120,000.

[ultrloa]

Here is the full text of Congressman Nick Begich's Strategic Bitcoin Reserve bill now published.



https://www.congress.gov/bill/119th-congress/house-bill/8957/text

I know that it's just to early as per the tracker, it was just introduce and will have to go on reviews and debates before it will be signed by Trump.
But still a historic milestone already.

Future secure.

At this point, there are many BSR - like bills at different stages of approval.
It's interesting seeing those kinds of proposals being put forward, even if the price action is not that positive.
Actually, it's best to buy at 60,000 than at 120,000.

The ARMA and Bitcoin Act by Senator Cynthia Lummis is the closest to get approve, but well let's see if they succeed to approve this bill.

Also yeah buying at current rate is much really better than chasing their orders at close to $120k or even more high than that. The more cheaper they could able to buy the better, but as always accumulate consistently since this is better action to do. Those BSR will possibly contribute for long term growth of Bitcoin and it will give not only good policies but also result to much bigger adoption.

[Comeacross]

At this point, there are many BSR - like bills at different stages of approval.
It's interesting seeing those kinds of proposals being put forward, even if the price action is not that positive.
Actually, it's best to buy at 60,000 than at 120,000.

The fact that multiple jurisdictions are considering BTC as a strategic asset is significant itself regardless of how the price react.

But I think one area that deserves more attention as these bills advance is the practical execution part. If these bills passed, smooth execution will be what determines success more than the headline numbers because poor implementation would take us into another direction.

[Taskford]

Here is the full text of Congressman Nick Begich's Strategic Bitcoin Reserve bill now published.



https://www.congress.gov/bill/119th-congress/house-bill/8957/text

I know that it's just to early as per the tracker, it was just introduce and will have to go on reviews and debates before it will be signed by Trump.
But still a historic milestone already.

Future secure.

At this point, there are many BSR - like bills at different stages of approval.
It's interesting seeing those kinds of proposals being put forward, even if the price action is not that positive.
Actually, it's best to buy at 60,000 than at 120,000.

Well even if current price action is not showing positive reaction despite of those great bills introduce by US lawmakers still its good to see that they are moving forward with their BSR bills. Now we see that there are bills are really moving forward.


Also aside from BSR, I think its interesting to look at the 7 Crypto tax bills that they are drafting.



More information about that is here https://decrypt.co/370197/congress-7-crypto-tax-bills

[HelliumZ]

Amid the Bitcoin crisis, Hungary has announced that it will lift all restrictions on Bitcoin and cryptocurrency transactions. This will undoubtedly open up a new horizon for Hungary in terms of cryptocurrency use and transactions.
The current government has announced the lifting of the ban imposed by former Hungarian leader Viktor Orban on Bitcoin and cryptocurrency transactions. For Hungary, all obstacles to the use of Bitcoin and cryptocurrency and fiat money will definitely be removed.

Bitcoin Magazine

[nikola22]

Amid the Bitcoin crisis, Hungary has announced that it will lift all restrictions on Bitcoin and cryptocurrency transactions. This will undoubtedly open up a new horizon for Hungary in terms of cryptocurrency use and transactions.
The current government has announced the lifting of the ban imposed by former Hungarian leader Viktor Orban on Bitcoin and cryptocurrency transactions. For Hungary, all obstacles to the use of Bitcoin and cryptocurrency and fiat money will definitely be removed.

Bitcoin Magazine

it's one of the benefits from Viktor Orban's election defeat. I hope users in Hungary will be able to return to normal cryptocurrency operations. it seems that the corrupt Orban regime wanted to take over the country's entire cryptocurrency business and prevented international services from operating properly. Peter Magyar's first steps in power seem reasonable and perhaps the country will consider creating their Bitcoin reserve in the future.

[fillippone]

Lummis is back to BSR with a clear reason why the Bitcoin Strategic Reserve makes total sense:




This is actually a reason to invest in bitcoin for everyone, not only the government.

[Ambatman]

Lummis is back to BSR with a clear reason why the Bitcoin Strategic Reserve makes total sense:

This is actually a reason to invest in bitcoin for everyone, not only the government.

With the obvious delay about BSR
I'm quite curious to see how we would have reacted as government
With no prior knowledge about Bitcoin
Would you make a Bitcoin strategic reserve or find a way to make it get lower
Buy slowly till a satisfable amount and then announce. Or what would be your plan?


Open to everyone in the thread by the way.

[Taskford]

Lummis is back to BSR with a clear reason why the Bitcoin Strategic Reserve makes total sense:




This is actually a reason to invest in bitcoin for everyone, not only the government.

Always love the actions done by Senator Lummis, since he always highlight on how good Bitcoin to be their strategic reserve asset.

Also love her mindset here and he's really open for great generational financial changes of their country.

Senator Cynthia Lummis wants the United States to stop pretending Bitcoin isn’t a strategic asset and start buying it in the open. Her argument is straightforward: other countries are already quietly stacking sats, and America is falling behind by not doing the same thing, loudly and by law.

More interesting details about this is here https://cryptobriefing.com/lummis-us-bitcoin-reserve-bitcoin-act/

[Mate2237]

Amid the Bitcoin crisis, Hungary has announced that it will lift all restrictions on Bitcoin and cryptocurrency transactions. This will undoubtedly open up a new horizon for Hungary in terms of cryptocurrency use and transactions.
The current government has announced the lifting of the ban imposed by former Hungarian leader Viktor Orban on Bitcoin and cryptocurrency transactions. For Hungary, all obstacles to the use of Bitcoin and cryptocurrency and fiat money will definitely be removed.

Bitcoin Magazine

This is a welcome development, but this are one of the quensiquence of voting in bad leaders who are not progressive but is anti people because, how can a leader that is people oriented even think about banding crypto by placing restrictions on the use of crypto currency. Even though I am not a citizen of Hungry I feel for her citizens especially those who are crypto oriented. Because I have experience something like this in my country when crypto was not fully recognized.


Removing the restriction coming from this present regime, is a good one it will make the people to feel relaxed and think that the government really has their interest when it comes to crypto currency and it usuage in the country.

[Popkon6]

Source link: https://x.com/i/status/2066584913348845977

Taiwan central bank has made a suitable decision at the moment, they have held a meeting to accept Bitcoin as a reserve asset. However, Bitcoin should be implemented as a reserve asset quickly, because Taiwan can definitely become a Bitcoin-friendly country. So this discussion will definitely play an effective role and they will be able to properly hold Bitcoin as a strategic reserve asset for the future.