Bitcoin reserves interest gains momentum across 5 continents
Bitcoin has gained immense popularity over the past year, prompting lawmakers and regulators across five continents to consider it as a reserve asset. Notably, Czechia is entertaining this idea as Governor Aleš Michl mentioned a diversification strategy during a meeting. In the US, Congress is reviewing a bill to establish a national Bitcoin reserve, proposing to acquire 1 million BTC over five years. El Salvador remains the only country with a functioning Bitcoin reserve, while the US and Brazil may soon follow. Other countries, including Russia and Czechia, are also weighing similar strategies amidst pressures to stabilize their national currencies. Meanwhile, nations across Europe and Asia, such as Switzerland and Japan, are witnessing discussions on Bitcoin reserves, reflecting a significant shift in how governments view cryptocurrency. The movement toward Bitcoin as a reserve asset highlights growing support among policymakers but needs broader acceptance to become mainstream.
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