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Wednesday, November 27, 2024

Government Bitcoin reserves


The amount can go from 5% foreign reserves to ~ 50% gold reserve. The united states is no longer the only country thinking about a Bitcoin strategic reserve, it means that others will probably announce their plans to purchase BTC in the coming months.

Government are not speclators, if they buy, they will hold for a long period of time. if there is few sellers and short supply, the price will go up up up. But ETHER is here and can provide an alternative for those who can't afford BTC.


Countries

Date Gov Status Have Plan To purchase
17 Nov 2024 El Salvador Actively purchasing BTC 5,946 BTC 1 every day BTC 360
31 Jul 2024 USA Bill BTC 208,109 BTC 1M BTC 791,891
25 Nov 2024 Brazil Bill 0 USD 16.25B USD 16.25B
TOTAL ~ USD 100 B

States

Date Gov Status Have Plan To purchase
12 Nov 2024 Pennsylvania Bill 0 10% reserve
20 Nov 2024 Texas idea
TOTAL ~ USD 100 B

Cities

Date Gov Status Have Plan To purchase
27 Nov 2024 Vancouver Proposition 0
TOTAL

Other countries are for now not interested in Crypto as reserve asset

Wait and see

Date Gov Status Have Plan To purchase
27 Nov 2024 South Korea wait 0 0



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