Krutika Adani
The Bitcoin Strategic Reserve Bill proposes that governments hold Bitcoin as a reserve asset. This marks a bold step toward integrating cryptocurrency into national financial strategies.
Amid global economic uncertainties, Bitcoin is seen as a hedge against inflation, offering security through its limited supply and decentralized nature.
Governments will allocate a portion of their treasury to Bitcoin, similar to how gold is used. It also outlines regulations for acquisition, storage, and utilization of Bitcoin reserves.
If enacted, the bill could trigger mass adoption of Bitcoin, drive its price upward, and legitimize cryptocurrencies as mainstream financial assets.