Kazakhstan to Launch $1 Billion Crypto Reserve

[minairia3]

I don't know why some people are so obsessed with Bitcoin becoming part of national strategic reserves considering what Bitcoin actually is?

Because most of us no longer care about decentralization, privacy, or the original purpose of bitcoin. What most people are concerned about these days is how to get BTC to 1M or 10M fastest. And people believe that there will be no better and faster way than for governments, central banks to invest or add bitcoin to national reserves.

People are not obsessed with the idea of ​​strategic bitcoin reserves. Everyone is obsessed with bitcoin's past growth and everyone wants to see it happen again. That's why they easily believe what politicians say, or come up with conspiracy theories that powerful countries like China are secretly accumulating bitcoin. No matter how absurd it may be.

[Z-tight]

Because most of us no longer care about decentralization, privacy, or the original purpose of bitcoin. What most people are concerned about these days is how to get BTC to 1M or 10M fastest. And people believe that there will be no better and faster way than for governments, central banks to invest or add bitcoin to national reserves.

Before any retail investor should complain about governments setting up BTC reserves or holding their BTC assets through etf's, then they should also make sure they are not using centralized exchanges or any custodial services. They should also ensure they are running their own node and do not connect to third party nodes.

I don't like the idea of policing what people do with BTC. This is a censorship resistant network. And for the umpteenth time, what anybody does with their BTC does not affect BTC in itself. Neither can you stop governments from acquiring BTC, so not bad if people decide to 'celebrate' it.

[Patikno]

Kazakhstan is planning to launch a $1 billion national crypto reserve fund, aiming to diversify its economy and reduce reliance on oil.
That’s a massive move for a country that was once known mainly for its mining industry.

If this pushes through, Kazakhstan might become one of the few countries officially holding crypto as a national asset. Imagine if more governments start doing this, turning Bitcoin and other digital assets into part of their national reserves. This could change how we see crypto adoption at a government level.

just wanna share a good news.  

Well, this is great news, and I hope governments in other countries will soon follow suit and take this great initiative for the sake of economic sovereignty (like the news mentioned). However, I hope governments focus solely on Bitcoin adoption, and not other cryptocurrencies, because we know that adopting altcoins carries a much higher risk than Bitcoin. Therefore, I hope the majority of Crypto Reserve adoption will be Bitcoin. Furthermore, I believe public trust in government policies will wane when problems arise, so it would be best for governments to choose a cryptocurrency with clear fundamentals, and a clear future, that is Bitcoin.

[fikrett]

^ There will always be those willing to risk it a little further.

BTC is the first coin to be the biggest one to be used for such reserves, others will be there eventually too, as govs don't see it in a idealistic way, but which coin is good to get them the results they need.

[Franctoshi]

Kazakhstan is planning to launch a $1 billion national crypto reserve fund, aiming to diversify its economy and reduce reliance on oil.
That’s a massive move for a country that was once known mainly for its mining industry.

If this pushes through, Kazakhstan might become one of the few countries officially holding crypto as a national asset. Imagine if more governments start doing this, turning Bitcoin and other digital assets into part of their national reserves. This could change how we see crypto adoption at a government level.

just wanna share a good news.  

In the last two weeks or so, there was also a news regarding Ghana starting its Bitcoin strategic reserve, and now Kazakhstan is on board. With all this positive news around Bitcoin, when are they going to start to price it in? Because we can tell they're not priced in yet, even from various news sources, we've got about this Bitcoin strategic reserve and some countries starting to follow suit, and with certain institutions that are talking about buying too and everything pointing towards next year, it seems the main bull market may shift to next year, 2026.

[suzanne5223]

I honestly don't expect this to come from a country like Kazakhstan. I mean, making good use of the crypto seized from illegal crypto exchanges, laundering criminal, etc, into something that will diversify the country's economy, and also create a room for global financial partnerships in the crypto space.
This is something I expect from the country of Germany, which sold at least a billion worth of BTC this year. However, it is too early to celebrate as this is something that has to do with people being into politics and their stance can change at any time, or someone new may take office and choose to discard the previous country leaders decision.

[Localhostspeed]

Kazakhstan is planning to launch a $1 billion national crypto reserve fund, aiming to diversify its economy and reduce reliance on oil.
That’s a massive move for a country that was once known mainly for its mining industry.

If this pushes through, Kazakhstan might become one of the few countries officially holding crypto as a national asset. Imagine if more governments start doing this, turning Bitcoin and other digital assets into part of their national reserves. This could change how we see crypto adoption at a government level.

just wanna share a good news.  

We should stop pushing this guys anytime they want to do reserve, it's an insult anytime a country want to make crypto reserve and the next thing that ring on their head is using seize crypto from criminals. Is this the new trend because US stated the same thing and they say they are not going to use US money to buy Bitcoin, why is that they don't want to be involved in the market directly, there is something wrong about this moves in my opinion.

One day, we need to talk about this seize crypto asset from criminals. They are bad people, yes I know but the asset seize by the government is bad. Why not investigate each criminal and ask for where they stole those coins from, it would have help some victims get back their investment. Even if their is a percentage they are going to take from the victim, nothing bad but trying to take everything from the people will never make any sense to me and still has the audacity to called it crypto reserve.

[macson]

The government will not hold cryptocurrencies directly within the reserve. Instead, the fund is designed to invest in exchange-traded products and shares of businesses involved in blockchain and digital asset services.

Even though in this plan they will make their reserves in the form of ETFs and shares of businesses, which is a bit unfortunate because at a time when more countries are using direct ownership of Bitcoin, but as a first step from one country it needs to be appreciated, at least they are showing an open attitude towards crypto investment.

Hopefully, if in the future the country becomes more confident and their regulations are better prepared, they will consider having a proportion of direct investment in Bitcoin.

[nemesis_incarnate]

I do think they want to see where it goes and the results on the run with it, then they will adjust the policies further.

The government will not hold cryptocurrencies directly within the reserve. Instead, the fund is designed to invest in exchange-traded products and shares of businesses involved in blockchain and digital asset services.

Even though in this plan they will make their reserves in the form of ETFs and shares of businesses, which is a bit unfortunate because at a time when more countries are using direct ownership of Bitcoin, but as a first step from one country it needs to be appreciated, at least they are showing an open attitude towards crypto investment.

Hopefully, if in the future the country becomes more confident and their regulations are better prepared, they will consider having a proportion of direct investment in Bitcoin.

[buwaytress]

Fund, not reserve, as pointed out. All of these countries announcing such things don't mean shit to me, though. At least El Salvador moved to displaying the address it uses to buy so people can verify the purchases (but still, with no clear explanation of who controls the private keys, and if those can actually be accessed properly by a people-elected government).

In this particular case, though, it seems even less useful. No coins in custody, just "exposure" through ETFs and what not, which are all regulated. How is that special?

[Smack That Ace]

Kazakhstan is planning to launch a $1 billion national crypto reserve fund, aiming to diversify its economy and reduce reliance on oil.
That’s a massive move for a country that was once known mainly for its mining industry.

If this pushes through, Kazakhstan might become one of the few countries officially holding crypto as a national asset. Imagine if more governments start doing this, turning Bitcoin and other digital assets into part of their national reserves. This could change how we see crypto adoption at a government level.

just wanna share a good news.  

In the last two weeks or so, there was also a news regarding Ghana starting its Bitcoin strategic reserve, and now Kazakhstan is on board. With all this positive news around Bitcoin, when are they going to start to price it in? Because we can tell they're not priced in yet, even from various news sources, we've got about this Bitcoin strategic reserve and some countries starting to follow suit, and with certain institutions that are talking about buying too and everything pointing towards next year, it seems the main bull market may shift to next year, 2026.

Ghana has not started a strategic bitcoin reserve yet, everything is still just a proposal, and they have not made any official announcement.

Also, I don't think news about countries' bitcoin reserves will have much impact on the market because governments have no plans to use their budgets to buy bitcoin. They just use the confiscated bitcoins as national reserves and that hardly increases the demand for bitcoins in the market. So don't expect too much if you don't want to be disappointed.

Any financial market has bull markets and bear markets, and we should prepare for bear seasons, bull markets will not last forever.

[freedomgo]

Definitely good news. There was also a proposal in the Philippines about a crypto reserve, something like 10k BTC total or 2k BTC added every 5 years. But it never really materialized, and honestly, it’s unlikely to happen soon since the country’s dealing with major economic problems.

Despite that though, I’m glad other countries are starting to set an example.
Hopefully more will follow, and maybe someday the PH will finally make it happen… maybe under a different president.

[Chinesebaby]

Kazakhstan is planning to launch a $1 billion national crypto reserve fund, aiming to diversify its economy and reduce reliance on oil.
That’s a massive move for a country that was once known mainly for its mining industry.

If this pushes through, Kazakhstan might become one of the few countries officially holding crypto as a national asset. Imagine if more governments start doing this, turning Bitcoin and other digital assets into part of their national reserves. This could change how we see crypto adoption at a government level.

just wanna share a good news.  

This is a nice movement by the Kazakhstan government for considering having Bitcoin on its reserve. Because as it it will be quite better than having gold bar in reserves, whose long term value can't be equated to Bitcoin. But however, one thing that is important here is that having your country's in Bitcoin or gold doesn't stop it from being who reliance on oil. Because oil is actually their primary natural resources through which they boast their economy and generate funds. But diversitying it now only gives the fund more future value. Because Bitcoin is known to have a strong influence and monetary when invested and held long term.

[Minor Miner]

Definitely good news. There was also a proposal in the Philippines about a crypto reserve, something like 10k BTC total or 2k BTC added every 5 years. But it never really materialized, and honestly, it’s unlikely to happen soon since the country’s dealing with major economic problems.

Despite that though, I’m glad other countries are starting to set an example.
Hopefully more will follow, and maybe someday the PH will finally make it happen… maybe under a different president.

Not only the Philippines but also Brazil has proposed the creation of a national bitcoin reserve. But the difference is that their proposal is to buy bitcoin directly on the market, unlike Kazakhstan and the US, which only use bitcoin from confiscations. That is very welcome, but it will also face many challenges to become a reality. I am also not optimistic that the Brazilian Congress can pass the bitcoin reserve bill of Deputy Eros Biondini.

While the chances of these proposals passing are very low, this is still pretty good news for bitcoin adoption. Through these, we can see that the government's thinking and stance on bitcoin is gradually changing. That also means that it is only a matter of time, and sooner or later, bitcoin will be added to national reserves.

[lovesmayfamilis]

To my mind, crypto adoption is not the government buying and holding crypto as part of their national reserve but the ability to allow citizens to pay for different services via cryptocurrencies. If they do this and we will be able to pay various services via crypto, like paying for a passport, fines, paying government-related services and etc, then I will call it a true adoption. Holding Bitcoins is a mere adoption.

It's smart for Kazakhstan to be bold in crypto-related services. This niche is rarely occupied and the first country that occupies it, will have a brighter future than the other countries.

Doesn't the article say where they'll get the bitcoins? Confiscated bitcoins from miners, or from the population they believe isn't complying with the laws they've made up. The state will line its own pockets, but it won't allow its own population to do the same.

[purple_sparkles]

To my mind, crypto adoption is not the government buying and holding crypto as part of their national reserve but the ability to allow citizens to pay for different services via cryptocurrencies. If they do this and we will be able to pay various services via crypto, like paying for a passport, fines, paying government-related services and etc, then I will call it a true adoption. Holding Bitcoins is a mere adoption.

It's smart for Kazakhstan to be bold in crypto-related services. This niche is rarely occupied and the first country that occupies it, will have a brighter future than the other countries.

Doesn't the article say where they'll get the bitcoins? Confiscated bitcoins from miners, or from the population they believe isn't complying with the laws they've made up. The state will line its own pockets, but it won't allow its own population to do the same.

Everything looks so beautiful when you read news like this, but it becomes truly sad once you learn the real methods used to achieve such goals. Is it fair when a government, no matter which country, confiscates the results of its own citizens’ intellectual work and financial risks, preventing them from growing, becoming wealthier, and more influential. People who “hacked the system” on how to make a lot of money with cryptocurrency are usually thinkers, they question, analyze, and see beyond the surface. I guess it’s easier to govern a country of poor and narrow-minded people, which is why authorities confiscate and prohibit activities related to cryptocurrency.

[fikrett]

^ Usually these funds are from activities that weren't that much of a intellectual work, but rather ways to outsmart the system, or go around it, but I agree, if they would be genuine about their desire to create reserves, they would do so from their own pocket, not from the pockets of others, no matter which coins.

[Cookdata]

^ Usually these funds are from activities that weren't that much of a intellectual work, but rather ways to outsmart the system, or go around it, but I agree, if they would be genuine about their desire to create reserves, they would do so from their own pocket, not from the pockets of others, no matter which coins.

I'm just coming from here that highlights US Bitcoin reserve doesn't mean they will not dump. I kind of saw this news yesterday on Bitcoin Magazine but didn't give much interest because why will you tell me you want to make a reserve about an asset but you prefer to the ones seize from fraud, scams and others? Is this the new trend of Bitcoin reserve or maybe  some people are trying to milk the attention of Bitcoin reserve that has been going on for a while. Among all reserves, I respect El Salvador more considering the fact they don't have low income per capital and have millions invested on Bitcoin.

Kazakhstan is making a move but this is not a bold one, these countries can dump Bitcoin any time any day because they didn't invest with their own money. If an opportunity comes, they will make use of it, there is always a change in government, a foolish president can do what he wants.

[Lucius]

I don't know why some people are so obsessed with Bitcoin becoming part of national strategic reserves considering what Bitcoin actually is?

Because most of us no longer care about decentralization, privacy, or the original purpose of bitcoin. What most people are concerned about these days is how to get BTC to 1M or 10M fastest. And people believe that there will be no better and faster way than for governments, central banks to invest or add bitcoin to national reserves.
~snip~

There is something positive in your post, and that is that you admit what many will not admit - if the price jumped x10 tomorrow, most would sell and end up with Bitcoin forever. So if anyone is wondering whether Satoshi is happy today or not, I'm pretty sure they're not when they read a post like yours. Bitcoin should be for ordinary people, not for governments and central banks.

[Z-tight]

Bitcoin should be for ordinary people, not for governments and central banks.

I like to believe that BTC is not for any particular group of people, but for everybody and even if you and i don't like it, the government can also get some for themselves if they want. Censorship resistance is something we bitcoiners peddle a lot and that is exactly how Satoshi designed the network to be. In other words, since he created the network this way, he must have known from the beginning that a time will come when institutional investors and governments will accept BTC, because nothing stops them from doing so.