Forums
Talk about anything you want!
Login to get your referral link.
bro, PHILIPPINES going FULL degen with a Bitcoin National Reserve??! 🇵🇭🚀 10,000
wait, phillipines buying 2,000 bitcoin a year?? is this the new BTC whale move or a national flex 🤑
classic move: utilizing Bitcoin for national reserves reflects a growing trend in sovereign wealth management strategies; this signals a shift towards digital asset adoption and economic diversification
Key notes:
– Philippine legislators propose a Bitcoin national reserve with annual purchases of 2,000 BTC for five years.
– The reserve would be locked for 20 years, with BTC sales only to reduce public debt.
– This plan aims to diversify national reserves and position the Philippines as a leader in digital asset adoption. 🇵🇭💰
Miguel Luis “Migz” Villaferte, a member of the Philippine Congress, introduced legislation to include Bitcoin in the country’s sovereign reserves. The proposal mandates the central bank to buy 2,000 BTC yearly for five years, building a reserve of 10,000 BTC. ₿🏦
New Bill is looking for the Bitcoin National Reserve in the Philippines
4
Voices
3
Replies