El Salvador amongst countries already adopted the use of Bitcoin and crypto currency within their country, US wants to put it into implementation after the inauguration of Donald Trump come January 2025. Iran has employed the strategy of endorsing crypto currency to be regulated and because of its potentials of having positive impact on the country's economy, rather than restrictions from usage.
There will be more countries that will do nothing else than to adapt to the new trend and adoption of Bitcoin usage. The US planning on making Bitcoin reserve was also taken into consideration by Russia, China etc. Who knows other countries that are also going to take this same step.
Bitcoin will get better, and the price will soar in the coming years, as Bitcoin and the entire crypto currency ecosystem will see a big move for the high demand of mass adoption and utilization.
Although there is a setback from the US as Powell says that they are not keen of having Bitcoin as as strategic reserves.
But their incoming President has different opinions and let's see how Trump will clash with Powell and the Feds.
As far as other countries, yes, Russia and China are making the same steps and now I'm seeing this as going to be like a race by this powerful nation to see who's going to acquire more Bitcoin as reserved. And I think they've already doing this for years, it's just magnified this year because of Trump announcement and winning the US election again.