Bitcoin: The Next Gold? Why Nations Are Eyeing BTC Reserves!
Published: 2025-02-06
Status:
Available
|
Analyzed
Published: 2025-02-06
Status:
Available
|
Analyzed
Predictions from this Video
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Prediction
Topic
Status
US Senator Cynthia Lummis proposed the Bitcoin Act of 2024, suggesting the US government purchase up to 1 million BTC as a strategic priority over the next few years.
"Senator Cynthia Lummis introduced the Bitcoin Act of 2024 to the Senate last July. Lummis' Bill proposed that the US buy up to 1 million BTC over the next few years as a matter of strategic priority."
Pending
Following his inauguration, President Trump ordered the creation of a government crypto working group to explore the establishment of a national digital asset stockpile.
"Shortly after president Trump's inauguration he ordered the creation of a government crypto working group tasked with among other things exploring the creation of a national stockpile of digital assets."
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The US government's crypto working group is tasked with evaluating the potential creation and maintenance of a national digital asset stockpile, which could be sourced from lawfully seized cryptocurrencies.
"The order says that the working group will 'evaluate the potential creation and M maintenance of a national digital asset stockpile potentially derived from cryptocurrencies lawfully seized by the federal government through its law enforcement efforts'."
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Johnny Ng, Chairman of Hong Kong's web3 and virtual assets subcommittee, has been lobbying the Hong Kong government to pilot Bitcoin as a strategic reserve asset.
"Chairman Johnny Ng of the Hong Kong legislative council's web3 and virtual assets development subcommittee told a state-owned pro-Beijing newspaper late last year that he had been lobbying the Hong Kong government to pilot the adoption of BTC as a strategic reserve asset."
Pending
Russia has officially adopted Bitcoin for settling international trade deals.
"The government recently made history by making the use of BTC to settle International Trade deals an official policy."
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Russia's Finance Minister did not rule out the principle of establishing a strategic Bitcoin reserve, suggesting they would reassess the possibility in 5 to 10 years.
"The minister Anton Siluanov said the government had no immediate plans for this but notably didn't rule out the idea in principle... 'We'll see where things stand in 5 to 10 years'."
Pending
Brazilian Congressman Eros Biondini proposed a bill (rBIT) to establish a strategic Bitcoin Reserve, aiming for the Central Bank to accumulate BTC to constitute 5% of national reserves.
"Congressman Eros Biondini's proposal to create a strategic Bitcoin Reserve called rBIT would have the Central Bank accumulate BTC until makes up 5% of Brazil's national reserves."
Pending
A Libertarian candidate in Poland's 2025 presidential election is a proponent of a strategic Bitcoin Reserve.
"A Libertarian candidate in Poland's 2025 presidential election who has enthusiastically backed the idea of a strategic BTC Reserve."
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Christian Lindner, former Finance Minister, urged the German Parliament in January to discuss the possibility of designating Bitcoin as a strategic reserve asset.
"Christian Lindner urged the German Parliament in January to discuss 'whether to issue Bitcoin as a strategic Reserve asset'."
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Czech Central Bank Governor Aleš Michl expressed interest in acquiring a small amount of Bitcoin for the bank's diversification strategy.
"Czech Central Bank Governor Aleš Michl expressed his interest in acquiring 'a few BTC' as part of the bank's diversification strategy."
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A politician named Satoshi in Japan asked the government to consider a Bitcoin reserve, though the prime minister's office was dismissive of the idea.
"The prime minister's office there was dismissive of the idea of a Bitcoin reserve the politician who asked the government to consider the idea was named Satoshi"
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It is more advantageous for governments to accumulate Bitcoin covertly to avoid driving up prices by a major power's public acquisition.
"it would be much more prudent and advantageous for governments to accumulate BTC covertly before a major power starts bidding up the price in broad daylight"
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