Your Daily Digest of Global Stories
The arrival of Donald Trump to the White House, with his promise to create a Strategic Reserve of bitcoin (BTC), unleashed FOMO (fear of missing out), or fear of missing out, on the part of some States and nations. So much so that one of the member countries of the G7 and another of the…
There are currently no gold mines operating in El Salvador, something that President Nayib Bukele wants to change. For this reason, in the coming days, it will send to the Legislative Assembly a request to repeal the Mining Prohibition Law in El Salvador, with the aim of beginning to carry out “responsible exploitation” of this…
Bhutan so far holds 11,688 bitcoin, valued at $1.17 billion. Another 100 BTC were sent by Bhutan to the Binance cryptocurrency exchange. This Monday, December 9, the bitcoin (BTC) wallet linked to the Kingdom of Bhutan, in Asia, registered various large movements of money. A total of 406 BTC, equivalent to more than $40 million,…
According to Dudley, financing this project would increase the national debt or exacerbate inflation. Instead of a BTC reserve, he urged politicians to focus on regulatory frameworks. Bill Dudley, former chairman of the FED between 2009 and 2018, recently expressed concern about the proposal to create a strategic reserve of bitcoin (BTC). This was stated…
Russian State Duma deputy Anton Tkachev sent a letter to the country’s Finance Minister Anton Siluanov requesting the creation of a strategic bitcoin reserve. Tkachev proposes that this reserve be established “by analogy with state reserves in traditional currencies.” “I ask you, dear Anton Germanovich, to evaluate the feasibility of creating a strategic bitcoin reserve…
The businessman suggests that the US dump its gold holdings and buy 5 million BTC. According to Saylor, this would cause Chinese, Russians and foreigners to also buy BTC. MicroStrategy President Michael Saylor suggested that the US government should sell its gold holdings and acquire 20% to 25% of the total bitcoin (BTC) supply, which…
Unlike gold, bitcoin shows low correlation with inflation. There would still be a long way to go before bitcoin became a means of payment and a mass unit of account. Bernstein, an investment management firm, stated that bitcoin could replace gold as the main store of value asset in the next ten years. Gautam Chhugani,…
On December 5, automotive accessories company Worksport announced the creation of a bitcoin (BTC)-based strategic reserve, with the additional inclusion of Ripple’s cryptocurrency XRP, as part of its treasury strategy. According to the information revealed, Worksport’s Board of Directors approved the acquisition up to $5 million in bitcoin and XRP. This purchase is limited to…
From Chile they maintain that the reserves must meet high security criteria. In this way, they differ from countries like Brazil and the United States. In contrast to the debates currently occupying congressmen in Brazil and the United States, in Chile the idea of establishing a strategic bitcoin reserve has been categorically rejected. The Central…
The creation of reserves in bitcoin is promoted by Michael Saylor and American politics Currently, only 0.01% of publicly traded companies hold bitcoin. During the almost-ended month of November, a total of 10 companies announced the creation of their own strategic reserves of bitcoin (BTC). Mostly influenced by US politics, as well as the example…
