"Countries may eventually start holding bitcoin as part of their foriegn currency reserves" - Bobby Lee @ Scaling bitcoin.
I know we aren't happy with this dude lately, but this is something that hasn't even crossed my mind. He explained how the U.S. has about 250 Billion in gold and China has about 200 Billion but in U.S. dollars. Obviously as crypto moves on this could be a preferred way of keeping foreign currency reserves. 🌚☪🚀
The web portal bitcointreasuries.org now shows close to two dozen firms with a large number of bitcoin reserves. Currently, the aggregate total bitcoin held in reserves by the 23 companies listed is roughly 785,999 BTC worth well over $10 billion dollars. This past August the billion-dollar firm Microstrategy announced it purchased 21,454 BTC for around […] “Our decision to allocate up to 10% of our cash reserves to purchase Bitcoin was motivated by the need to protect investor assets and gain value. The funds had previously been held in sterling – with UK interest rates at a record low of 0.1% we took the decision to mitigate currency debasement. This is an issue facing all companies holding fiat currency and we expect others to follow suit.” Following Microstrategy’s lead during the first week of October, the firm Square Inc. revealed it purchased 4,709 bitcoins for its treasury reserves. Since these two companies made the announcements it sparked the creation of a web portal called bitcointreasuries.org, which highlights an aggregate list of companies holding bitcoin treasuries.. When news.Bitcoin.com first reported on ... Bitcoin Holding Sentiment Strongest in Nearly Two Years Bitcoin exchange reserves have fallen to a 21-month low, a possible sign investors are feeling bullish about the shape of the market. The web portal bitcointreasuries.org now shows close to two dozen firms with a large number of bitcoin reserves. Currently, the aggregate total bitcoin held in reserves by the 23 companies listed is roughly 785,999 BTC worth well over $10 billion dollars.. This past August the billion-dollar firm Microstrategy announced it purchased 21,454 BTC for around $250 million.
Bitcoin as the next global reserve currency to $10 million?! Cryptocurrency News Chepicap