Philippines Considers Landmark 10,000 Bitcoin Strategic Reserve
A significant legislative proposal is currently under consideration in the Philippines, aiming to establish a substantial strategic reserve of Bitcoin for the nation. If approved, this pioneering bill would mandate the country's central bank to acquire a total of 10,000 BTC, signaling a bold step into digital asset integration for sovereign reserves.
Details of the Proposed Acquisition
The proposed acquisition strategy is meticulously structured. It requires the central bank to purchase 2,000 Bitcoin annually, spread over a period of five consecutive years. This methodical approach is intended to build the reserve progressively, mitigating risks associated with large, single-point market entries and allowing for a form of dollar-cost averaging.
Crucially, the bill emphasizes a long-term vision for these digital assets. The accumulated 10,000 Bitcoin would be held within the national reserves for an extended duration of at least two decades. This commitment to a twenty-year holding period suggests a profound belief in Bitcoin's potential as a future store of value and an asset class deserving of a place alongside traditional reserves like gold and foreign currency. Such a move would position the Philippines at the forefront of nations exploring novel ways to diversify and strengthen their financial security in an evolving global economy.