The world’s largest cryptocurrency, Bitcoin, has seen unprecedented growth, reaching historic highs in November.
This surge has prompted major nations to explore the possibility of creating national Bitcoin reserves to enhance their economic strategies and diversify their assets.
United States
In the U.S., President-elect Donald Trump and his allies have expressed support for a proposal to include Bitcoin as part of the Federal Reserve’s strategic assets. Senator Cynthia Lummis of Wyoming introduced the “Bitcoin Act,” suggesting that the U.S.
purchase up to 200,000 Bitcoins annually over five years, representing 5% of the cryptocurrency’s total supply.
Under this plan, the Bitcoin would be secured in decentralized vaults operated by the U.S. Treasury and funded by existing Federal Reserve resources such as bonds, loans, and gold.
At the BTC 2024 conference in Nashville, Trump reiterated his support for a “strategic Bitcoin reserve,” confirming that managing and expanding government-owned Bitcoin holdings would be a key policy of his administration.
Brazil
The Brazilian government has proposed establishing a Bitcoin reserve, targeting approximately 5% of the nation’s international reserves.
Federal Deputy Eros Biondini emphasized that incorporating Bitcoin would help Brazil mitigate risks related to exchange rates and geopolitical instability, thus bolstering economic resilience.
The Central Bank of Brazil, in collaboration with the Ministry of Finance, would manage this reserve, storing Bitcoin in secure offline wallets.
Additionally, these holdings would support Brazil’s Central Bank Digital Currency (CBDC), Drex.
Poland
Polish presidential candidate Sławomir Mentzen has championed the idea of creating a Bitcoin reserve and introducing crypto-friendly laws.
In a recent post on the X platform, Mentzen declared that, if elected, he would position Poland as a haven for cryptocurrencies by ensuring low taxes, clear regulations, and supportive financial institutions.
He urged Polish policymakers to embrace innovation and prepare for a digital financial future.
Russia
In Russia, lawmakers have proposed creating a national cryptocurrency reserve despite opposition from some officials, including the head of the State Duma Committee.
Earlier this year, laws were enacted to legalize cryptocurrency mining and the use of digital assets for international trade.
Deputy Foreign Minister Alexander Pankin previously suggested diversifying Russia’s dollar-backed reserves with alternative currencies, including cryptocurrencies, highlighting their potential to replace traditional national currencies in global trade.