🚨 BREAKING: Philippines Proposes 10,000 BTC Strategic Reserve 🇵🇭🚀
The Philippines is considering groundbreaking legislation to create a Strategic Bitcoin Reserve, with a plan for the central bank to purchase up to 10,000 Bitcoin over the next five years.
Under House Bill 421, the Bangko Sentral ng Pilipinas (BSP) would buy 2,000 BTC annually and hold it in cold storage for at least 20 years. The reserve could only be sold to retire government debt, and even after the holding period, sales would be limited.
The proposal seeks to diversify national assets, reduce reliance on traditional reserves like gold and U.S. dollars, and potentially strengthen economic security by treating Bitcoin as “digital gold.” If approved, this would make the Philippines one of the first Asian nations to legislate a sovereign Bitcoin reserve.
This move signals a growing trend of countries exploring Bitcoin as a long-term strategic asset.
