The Bitcoin Strategic reserve, will other countries follow the US steps?

[Bobcrypto]

Many people has spoken about how unreliable some politicians may be, but we might have seen and acknowledged the efforts of president Donald Trump, his vocal about bitcoin, and his planned to establish a Bitcoin strategic reserve, and now it has been implemented.
Now, with the strategic reserve implemented in the US, do we expect other nations to follow the US steps? I have a filling that many nations are skeptic of the potential of Bitcoin against Fiats, hence many are not saying any thing or speak out about the benefits of the Bitcoin strategic reserves. There seems to be too many protection against fiat in some countries, probably there may be Bitcoin Dominance factors against many Fiats or may be some political leaders in other parts of the world lact any knowledge of Bitcoin or the blockchain. What do you think?

[SmartGold01]

When they started seeing the benefits of using Bitcoin as strategic reserve funds you would see them wanting to venture onto it, like for now they are too protective against fiat not to lose it's values, and for sure this would likely affect the currency of that nation if they aren't strong, but then we have to also think that Bitcoin isn't created as a competitor to fiat neither would Bitcoin dominate fiat.

The fact is that everyone country i mean, nation would have to protect their currency and those who are likely using now are those who have a brighter knowledge towards Bitcoin and its progression, and judging to how the growth of Bitcoin has been you would understand that it's important to at least use Bitcoin as a strategic reserve funds since its grows exponentially Even though the volatility level intensive it wouldn't collapsed that so easily.

[Stompix]

When they started seeing the benefits of using Bitcoin as strategic reserve funds you would see them wanting to venture onto it,

Do tell me what's the benefit for a country to use Bitcoin as a strategic reserve and how will that work?
The US will hold most of the hash rate and China will be the sole producer of ASICs, how safe is it for a country to rely on such a reserve when we're seeing an economic trade war unfolding?

The fact is that everyone country i mean, nation would have to protect their currency and those who are likely using now are those who have a brighter knowledge towards Bitcoin and its progression, and judging to how the growth of Bitcoin has been you would understand that it's important to at least use Bitcoin as a strategic reserve funds since its grows exponentially

And let's assume that other countries see that buying Bitcoin now would simply increase the value of the US reserve, making the USD stronger, why would you buy an asset that will weaken your own currency as you buy while propping up the competitor currency?
Everyone here was talking about how countries want to cut their dependence on the dollar as a global reserve and now they will be spending money to prop it up again with their own funds?

[Amug123]

Many people has spoken about how unreliable some politicians may be, but we might have seen and acknowledged the efforts of president Donald Trump, his vocal about bitcoin, and his planned to establish a Bitcoin strategic reserve, and now it has been implemented.
Now, with the strategic reserve implemented in the US, do we expect other nations to follow the US steps? I have a filling that many nations are skeptic of the potential of Bitcoin against Fiats, hence many are not saying any thing or speak out about the benefits of the Bitcoin strategic reserves. There seems to be too many protection against fiat in some countries, probably there may be Bitcoin Dominance factors against many Fiats or may be some political leaders in other parts of the world lact any knowledge of Bitcoin or the blockchain. What do you think?

the concept of national bitcoin reserve is fascinating,  but it's implementation is faced  with difficulties.  Several countries are exploring this idea, but bitcoin volatility and regulatory challenges makes it unlikely choice for most central banks,  while the idea of national BTC reserve is intriguing, it's implementation faces significant challenges, bitcoin regulatory challenges makes it unlikely choice for most central bank at least for the time being, countries like Czech Republic has join the growing list also Hong Kong which is known for its progressive  crypto regulatory environment,  is also exploring a strategic Bitcoin reserve  so for now since there is an ongoing global discussion let's wait and see if it will be widely accepted.

[yhiaali3]

As far as I know, there are other countries besides the United States that are seeking or planning to buy Bitcoin as a strategic reserve, as the United States did, such as Russia and Brazil. Of course, these are still projects that need a lot of work and approvals to get final approval.

But on the other hand, some countries have begun to fear Trump's plans to control Bitcoin or make it an American asset, and therefore these countries may consider, within the framework of the economic war, refraining from buying Bitcoin and trying to weaken Bitcoin to weaken the American strategic reserve.

[taufik123]

When they started seeing the benefits of using Bitcoin as strategic reserve funds you would see them wanting to venture onto it,

Do tell me what's the benefit for a country to use Bitcoin as a strategic reserve and how will that work?
The US will hold most of the hash rate and China will be the sole producer of ASICs, how safe is it for a country to rely on such a reserve when we're seeing an economic trade war unfolding?
-snip-

and China will play with ASIC prices very well to make the US dependent on China so that the economic trade war will continue.

When a country like the US wants to make Bitcoin a strategic reserve it is like a tool to start manipulating the crypto market quite ruthlessly, so that there is no more technical and fundamental depiction of how the price of bitcoin will go, there will only be manipulation and it will benefit the US and some countries that play in it.

[philipma1957]

When they started seeing the benefits of using Bitcoin as strategic reserve funds you would see them wanting to venture onto it,

Do tell me what's the benefit for a country to use Bitcoin as a strategic reserve and how will that work?
The US will hold most of the hash rate and China will be the sole producer of ASICs, how safe is it for a country to rely on such a reserve when we're seeing an economic trade war unfolding?

The fact is that everyone country i mean, nation would have to protect their currency and those who are likely using now are those who have a brighter knowledge towards Bitcoin and its progression, and judging to how the growth of Bitcoin has been you would understand that it's important to at least use Bitcoin as a strategic reserve funds since its grows exponentially

And let's assume that other countries see that buying Bitcoin now would simply increase the value of the US reserve, making the USD stronger, why would you buy an asset that will weaken your own currency as you buy while propping up the competitor currency?
Everyone here was talking about how countries want to cut their dependence on the dollar as a global reserve and now they will be spending money to prop it up again with their own funds?

well making asics in china is not the issue

and the usa having most of the mining gear mining is not the issue.

that loop allows high fees to miners with the usa charging massive tariffs to the mining gear.

the trade war shifts the tax burden to miners and away from hodlers or users.

[Stompix]

and the usa having most of the mining gear mining is not the issue.

Not an issue?
Imagine, let's say Denmark would want to add Bitcoin to their reserves..
And then Trump orders every miner and mining pool in the US to blacklist all of Denmark coins and addresses until they give up Greenland,  what do you think other countries would do?

When a country like the US wants to make Bitcoin a strategic reserve it is like a tool to start manipulating the crypto market quite ruthlessly, so that there is no more technical and fundamental depiction of how the price of bitcoin will go, there will only be manipulation and it will benefit the US and some countries that play in it.

And this proves that no country that is at risk of a trade war with the US would risk money in Bitcoin reserve it has no control over it.

[robelneo]

These Bitcoin reserves come from confiscated platforms, so the US is not really spending anything here; other countries that do not have enough funds will think before using their reserve to buy Bitcoin, knowing how volatile the market is, so we do not expect countries to follow US leads; only if the country has a stable economy and has excess funds, then they can make Bitcoin as their reserves.
Its hard for third-world countries to gamble with Bitcoin reserves because of the risk to their economies.

[Bobcrypto]

I am yet to figure out the economic implications of some countries having a Bitcoin strategic reserve, especially the third world countries as you mentioned. For example, Elsalvado has already key into the Bitcoin strategic reserve, and i think that for a short term, there may be some critical analysis on any likely implications if there is any. However  many third world countries may lack the resources to acquire Bitcoin, besides their poor resources, Bitcoin strategic reserve will have a positive impact on the economy of any nation in the future.
In addition, Bitcoin strategic reserve will be an economic advantage of many of these countries if they thoroughly study the gains at the long run. Bitcoin has a limited supply of 21million, meaning there will be strong scarcity in near future, and one of the biggest features of bitcoin that wise leaders should utilize in my opinion.

[MrSpasybo]

I am yet to figure out the economic implications of some countries having a Bitcoin strategic reserve, especially the third world countries as you mentioned. For example, Elsalvado has already key into the Bitcoin strategic reserve, and i think that for a short term, there may be some critical analysis on any likely implications if there is any. However  many third world countries may lack the resources to acquire Bitcoin, besides their poor resources, Bitcoin strategic reserve will have a positive impact on the economy of any nation in the future.

In addition, Bitcoin strategic reserve will be an economic advantage of many of these countries if they thoroughly study the gains at the long run. Bitcoin has a limited supply of 21million, meaning there will be strong scarcity in near future, and one of the biggest features of bitcoin that wise leaders should utilize in my opinion.

The positive impact that BTC has brought to El Salvador is not in the profits from mining BTC with volcanic geothermal energy, nor does it come from BTC price increase, because they only hold about more than 6K BTC ~ $600M = 0.56% of their 2024-GDP. El Salvador receives more value in free advertising, tourism attraction and foreign investment. Before 2021, I didn't know where El Salvador is and who their president was, but now I can spell Nayib Bukele name correctly ^^

Back to the topic, according to game theory, other governments will also accumulate BTC because in the scenario that BTC becomes extremely valuable they will not miss this opportunity, while if BTC completely loses its value they will not lose anything and their position in the world will not change. The worst scenario is that they ignore BTC and then BTC becomes extremely valuable, they will be left behind in this financial wave. Even if BTC does not soon reach $1M or $10M in the short term, the positive impacts it brings to countries in the form of tourism and investment will be already huge. I hope that when this happens, governments will allocate a portion of the revenue from tourism and investment to continue accumulating more BTC.

[CryptoLaila]

and China will play with ASIC prices very well to make the US dependent on China so that the economic trade war will continue.

When a country like the US wants to make Bitcoin a strategic reserve it is like a tool to start manipulating the crypto market quite ruthlessly, so that there is no more technical and fundamental depiction of how the price of bitcoin will go, there will only be manipulation and it will benefit the US and some countries that play in it.

We might have been experiencing some recent manipulation as well, but do you really think there wasn't a manipulation before?
The only  difference now is that the manipulation  is actually going to have a face of USA as the upfront manipulator when they finally starts their strategic reserve.

[TomPluz]

After the ETFs in 2024, the next game-changer can be the Bitcoin Strategic Reserve started in 2025 but we still have to see some major bouncing effects on this one as the government under Trump has yet to start buying Bitcoin in addition to what it already has. This might lead to some limited number of countries to look at this reserve move and see if doing the same thing can bring benefits to their countries' economic stability and progress...and this can take some time so we don't have to expect some magic here just like many who are expressing disappointments why Bitcoin did not make dramatic push up back to the $100K circle. Seems people really lack the virtue of patience, time and waiting.

[Bobcrypto]

As far as I know, there are other countries besides the United States that are seeking or planning to buy Bitcoin as a strategic reserve, as the United States did, such as Russia and Brazil. Of course, these are still projects that need a lot of work and approvals to get final approval.

But on the other hand, some countries have begun to fear Trump's plans to control Bitcoin or make it an American asset, and therefore these countries may consider, within the framework of the economic war, refraining from buying Bitcoin and trying to weaken Bitcoin to weaken the American strategic reserve.

The Bitcoin ecosystem is decentralized, I don't think that Donald Trump can control it, though there may be stronger regulations but i still don't think that Bitcoin can be centralized by anyone. Donald Trump plan is to make American the head quarter of Cryptocurrency and every things related to crypto.
Again, it is too early to conclude whether other countries want to weaken Bitcoin and weaken the Bitcoin strategic reserve, we can be watching the development to see how other countries act as time progresses.

[omori]

We might have been experiencing some recent manipulation as well, but do you really think there wasn't a manipulation before?
The only  difference now is that the manipulation  is actually going to have a face of USA as the upfront manipulator when they finally starts their strategic reserve.

Yeah, as for now, we all know who is pulling the strings mostly with tariffs and so on, before that, the actors weren't doing it as openly