While there is a lot of talking about the American leadership in creating a strategic BTC reserve, European countries do not move away from Crypto as well. The Czech Republic will soon decide to create Bitcoin reserves. Other countries and companies accumulate BTC, too.
Czech Republic to create BTC Reserve
Czech central bank ruler Alice Michel will present the BTC acquisition plan on January 30, 2025. If the plan is approved, the Czech Republic may become the first country in Europe to determine the BTC reserves. CNB has more than $ 146 billion. According to the plan, more than $ 7.3 billion will be allocated in Bitcoin, which means that 5 % of the CNB balance will be held in Bitcoin.
Michael expressed his interest in the return of Bitcoin in early January. At that time, he stated that he sees Bitcoin as the origin that can be added to the CNB sheet for diversification. However, until recently, it was not clear whether the intentions were somewhat dangerous. At that time, CNB Advisor Janis Aliapulios He said Cointelegraph that the bank was nI look at the BTC in the reserve and instead it looks forward to diversifying its wallets through gold acquisitions.
What about the American Bitcoin Reserve?
Although many bituys show support for the potential movement by the Czech government without any bitterness, it is fair to say that the news about the creation of the Bitcoin Reserve by the Czech Republic has caught some of the US encryption guard.
For several months, people were busy speaking that Donald Trump will sign a strategic bitcoin reserves for the bitcoin reserves soon when it finishes the opening letter, and now they face the truth: The American plan has not yet been achieved while other countries are ready for the teeth in the game.
So, how do things go in America? Is there a SBR smell in the air? The short answer is "yes". The BTC stock that suggested hedging against inflation and eliminating the national debt will be created this year. However, there are many competing models for this reserve on the table, which will be approved one of which is an open question. We will likely see several models present at one time or in a hybrid model.
During the Nashville encryption conference in the summer of 2024, Trump said if elected, the United States will create a bitcoin stock of seized bitcoin coins and will not sell anything since then. However, the Bitcoin reserve proposal presented by Senate Sinmia is another thing. Its law indicates that the United States government will buy one million bitcoin coins within five years and will keep all bitcoin for 20 years. Given the fact that Lomis has become the head of the Senate Digital Assets Committee, her proposal has a good opportunity to accept.
Although many expected Trump to say something about encryption in his opening speech and even signing SBR legislation on the first day in the office, Potus preferred to move with greater caution. Instead of starting to collect Bitcoin from the beginning of the presidency, Trump I command The sub -committee of the digital assets to report Bitcoin stock standards by July. It is given time for other countries to steal the initiative.
The federal government is far from being the only power that strives to accumulate Bitcoin forever. There are bills in Texas, Ouhayu and Pennsylvania aimed at creating local bitcoin reserves. Unlike Lummis's suggestion, Bills Texas and OHIO do not suggest purchase bitcoins. The Pennsylvania State Bill seeks to allocate 10 % of Bitcoin acquisition budget.
Other players
The idea of bitcoin bitcoin reserves has gained more supporters around the world. Modern Bitcoin compares Bitcoin with colonists cheap dirty lands from local tribes. A rare bitcoin like Earth. It creates Fomo among those looking for a long -term investment and developing their investments as soon as possible.
Among the countries, El Salvador is definitely the country that made the most daring step towards embrace Bitcoin - by adopting it as a legal tendency equally with the US dollar in 2021. As of January 2025, no other country dared to do so. El Salvador has a coding reserve that exceeds 6000 BTC.
There are BTC conversations and projects in other countries as well. Brazil, like the Czech Republic, will turn 5 % of its national reserves into bitcoin coins. Legislation witnessed daylight in November. Bitcoins will work in addition to local CBDCS support.
Russia and Japan were thinking about the possibility of setting BTC reserves however These plans To make a more enlightened decision at a later time.
Poland is holding presidential elections this year and the promises of a liberal candidate Sławomir Mentzen to create the Bitcoin Reserve, however, it is not clear what the chances of winning the elections.
Many countries carry Bitcoins without BTC reserve proposal. The United Kingdom has More than 61000 BTC. Ukraine, which takes the donations of encryption in the conditions of the ongoing conflict with Russia, He also has encrypted his balance. It is rumored that China has more than 190,000 by Bitcoin, however, some Denial of such a possibility He cited Blockchain evidence as evidence.
Moreover, many companies are creating their encrypted currencies, and they rejected the traditional treasury bonds in FIAT. The largest Blackrock and Microstrategy names include, with half a million and more than 10,000 in Bitcoin, respectively. Both companies are competing and winning in competition with the Bitcoin Reserve in El Salvador, the only country with Bitcoin reserves starting from January 2025. There are dozens of companies that have younger Bitcoin from today.
The encryption race here, as many governments and companies share impatiently with Bitcoin and other cryptocurrencies. The thing is that the race is not limited to creating bitcoin reserves. It includes various directions for developing new types of relationships with cryptocurrencies, from taking advantage of BTC mining to adoption of encryption as a legal tendency.
Source link