Cameron Winklevoss, co-founder of the Gemini crypto exchange, argues that countries need to start building Bitcoin reserves just like they do with critical resources like oil and gold. He warns that delaying this action could lead to higher costs and a loss of financial independence and global influence. Winklevoss believes that stockpiling Bitcoin should be ...
The Swiss National Bank (SNB) firmly rejects the idea of including Bitcoin in its national reserves, citing issues such as high volatility and limited liquidity. This decision comes amidst rising advocacy for cryptocurrency, especially from cities like Zug and Lugano, which embrace digital currency innovations. SNB President Thomas Schlegel emphasizes the risks of accepting Bitcoin, ...
El Salvador has recently added 11 more Bitcoin to its national reserves, increasing its total to 6,044 BTC, valued at around $610 million. This purchase comes after securing a $1.4 billion agreement with the International Monetary Fund (IMF), which required the country to make Bitcoin acceptance voluntary for businesses, marking a shift from its original ...
Michael Saylor, co-founder of MicroStrategy, believes there is great potential for Bitcoin adoption in France. This optimism follows a lunch meeting with European parliamentarian Sarah Knafo, where they discussed the future of cryptocurrencies and energy. Knafo praised Saylor’s vision for the French financial landscape. After their discussion, Saylor urged France to embrace Bitcoin more, aligning ...
Bitcoin, once seen merely as a speculative asset, is gaining traction as a strategic reserve for national governments. Several countries, including the United States and Brazil, are exploring the integration of Bitcoin into their currency reserves to bolster financial sovereignty amid global economic uncertainties. Proposals include gradually acquiring significant amounts of Bitcoin over several years. ...
The idea of countries holding bitcoin as a reserve currency is gaining traction, with reports indicating that 13 nations are already doing so. Russia is pushing for its central bank to consider bitcoin, while countries in the Gulf Cooperation Council are exploring similar options. Bitcoin’s decentralized nature makes it appealing as a hedge against inflation ...
