Bitcoin Is Flying High—These Countries Are Considering a National Reserve
As Bitcoin nears the $100,000 mark, several countries contemplate establishing national reserves of the cryptocurrency. In the U.S., lawmakers, including President-elect Donald Trump and Senator Cynthia Lummis, have advocated for a strategic Bitcoin reserve, proposing the acquisition of up to 200,000 Bitcoin annually. Brazil is also pursuing legislation to create a Sovereign Strategic Reserve of Bitcoins (RESBit), aimed at diversifying its international reserves. This initiative would allow Brazil to manage Bitcoin through its Central Bank, potentially backing its Central Bank Digital Currency (CBDC), Drex. Meanwhile, Polish presidential candidate Sławomir Mentzen has proposed creating a national Bitcoin reserve and implementing crypto-friendly regulations. In Russia, legislators have suggested incorporating cryptocurrency into the state treasury, reflecting a shift towards accepting digital currencies. Although there are no concrete timelines for these proposals, interest in holding Bitcoin as a reserve asset is growing across various nations.
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