greencandleit on Nostr: Unlocking the True Potential of Bitcoin: A Nation State FOMO “Coming together is a ...
Unlocking the True Potential of Bitcoin: A Nation State FOMO
“Coming together is a beginning; keeping together is progress; working together is succes.” - Henry Ford
The concept of nation states adopting Bitcoin as a strategic reserve asset is gaining MASSIVE amounts of traction. This is reshaping the global economic landscape. Let’s dive into how President Donald Trump and the proposal of a Bitcoin Strategic Reserve is creating waves across the globe.
Nation states like Brazil, Morroco, Canada, Poland, and China are keeping a very close eye on the United States Bitcoin Strategic reserve traction. All are starting to determine their position on Bitcoin and the extent of the bullishness is starting to seep through the cracks.
Brazil’s Congress proposed establishing a strategic Bitcoin reserve which would add Bitcoin to Brazil’s current foreign exchange reserves as a hedge against global economic instability. The bill was introduced by Federal Deputy Auero Ribeiro and would allocate $18 billion (100 billion Brazilian reais) to purchase Bitcoin.
Another country looking to change its tune on Bitcoin is Morocco. Morocco had previously BANNED all Bitcoin and cryptocurrencies, but now Morocco has completely shifted and is allowing the use of Bitcoin and cryptocurrencies. The caveat is Morocco is exploring issuing a central bank digital currency (CBDC) which highlights the arms race between Bitcoin and CBDC which would lead to more governmental control. This is a very important detail and something we should all be keeping a very close eye on as it develops.
China is now treating Bitcoin as personal property, although businesses cannot accept Bitcoin it is a dramatic shift from a few years ago when the nation banned Bitcoin mining. China currently has their own CBDC where a social credit score is being used and it has already been implemented, so this is a unique situation as well as Morocco where I believe other countries are starting to pay close attention to what the United States is doing in order to make moves in the Bitcoin industry.
Next we have Canada and Poland who have presidential/prime minister candidates actively talking about Bitcoin and strategic reserves. Poland has it’s 3rd party leader tweeting about Bitcoin therefore it is not a huge driver or possibility. Canada on the other hand has the leader in the polls Pierre Poilievre who’s been in the Bitcoin scene for quite sometime now. He popped on the scene a few years ago but opposing candidates crushed Poilievre when Bitcoin price crashed and the Canadian did not bring up Bitcoin much following that.
All in all, the world is watching Trump and the United States. Bitcoin is at the focal point of policy makers mind and the community is too big to ignore. Bitcoin crossed $100k and the validity cannot be denied. We’re just getting started and buckle up for a big 2025.
If you enjoyed this breakdown consider subscribing to my substack.
“Coming together is a beginning; keeping together is progress; working together is succes.” - Henry Ford
The concept of nation states adopting Bitcoin as a strategic reserve asset is gaining MASSIVE amounts of traction. This is reshaping the global economic landscape. Let’s dive into how President Donald Trump and the proposal of a Bitcoin Strategic Reserve is creating waves across the globe.
Nation states like Brazil, Morroco, Canada, Poland, and China are keeping a very close eye on the United States Bitcoin Strategic reserve traction. All are starting to determine their position on Bitcoin and the extent of the bullishness is starting to seep through the cracks.
Brazil’s Congress proposed establishing a strategic Bitcoin reserve which would add Bitcoin to Brazil’s current foreign exchange reserves as a hedge against global economic instability. The bill was introduced by Federal Deputy Auero Ribeiro and would allocate $18 billion (100 billion Brazilian reais) to purchase Bitcoin.
Another country looking to change its tune on Bitcoin is Morocco. Morocco had previously BANNED all Bitcoin and cryptocurrencies, but now Morocco has completely shifted and is allowing the use of Bitcoin and cryptocurrencies. The caveat is Morocco is exploring issuing a central bank digital currency (CBDC) which highlights the arms race between Bitcoin and CBDC which would lead to more governmental control. This is a very important detail and something we should all be keeping a very close eye on as it develops.
China is now treating Bitcoin as personal property, although businesses cannot accept Bitcoin it is a dramatic shift from a few years ago when the nation banned Bitcoin mining. China currently has their own CBDC where a social credit score is being used and it has already been implemented, so this is a unique situation as well as Morocco where I believe other countries are starting to pay close attention to what the United States is doing in order to make moves in the Bitcoin industry.
Next we have Canada and Poland who have presidential/prime minister candidates actively talking about Bitcoin and strategic reserves. Poland has it’s 3rd party leader tweeting about Bitcoin therefore it is not a huge driver or possibility. Canada on the other hand has the leader in the polls Pierre Poilievre who’s been in the Bitcoin scene for quite sometime now. He popped on the scene a few years ago but opposing candidates crushed Poilievre when Bitcoin price crashed and the Canadian did not bring up Bitcoin much following that.
All in all, the world is watching Trump and the United States. Bitcoin is at the focal point of policy makers mind and the community is too big to ignore. Bitcoin crossed $100k and the validity cannot be denied. We’re just getting started and buckle up for a big 2025.
If you enjoyed this breakdown consider subscribing to my substack.