The Philippines just announced a plan to create a strategic Bitcoin reserve of 10,000 BTC. At the same time, Brazil is preparing for a hearing on a 19 billion dollar Bitcoin reserve.
A while back, I said that if the United States even hints at creating a reserve, other nations will follow. That prediction is playing out faster than most expected.
With only about 6 percent of Bitcoin left to be mined, the race is heating up.
Who is buying Bitcoin now
- Countries are buying
- Corporations are buying
- Financial institutions are buying
- Lending products are being created
- The Lightning Network is expanding
- Renowned universities like Harvard are allocating to Bitcoin
- Fiat money keeps losing value as wars and money printing never end
Meanwhile, retail investors are still distracted, chasing altcoins and searching for the next Bitcoin.
What this means for you
The direction is clear. Governments, corporations, and financial giants are positioning themselves for a Bitcoin standard. They are securing exposure while the supply keeps shrinking.
Here is the truth. You do not need to love Bitcoin to hold it. But ignoring it while the largest players in the world accumulate could be risky.
Even if you are against it for any reason, it may be wise to own at least a small amount. In Bitcoin circles, we call it stacking sats.
So the question is simple. How are you positioning yourself while countries quietly build reserves of Bitcoin?
Source
Philippines Bitcoin reserve bill – Cointelegraph
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