Satoshi

America

Reserve

Former Binance CEO Changpeng ‘CZ’ Zhao creates a thread on X, showcasing news headlines that point to governments establishing strategic Bitcoin reserves, much like the plans introduced in the U.S. 
In a recent post, <a rel="" href="https://crypto.news/tag/changpeng-zhao/">CZ</a> shared a headline that showed how a <a rel="" href="https://crypto.news/tag/japan/">Japanese</a> lawmaker was pushing for the creation of a national strategic Bitcoin (<a rel="" href="https://crypto.news/price/bitcoin/">BTC</a>) reserve. He posted the headline along with a sarcastic caption of “probably nothing…” accompanied by a laughing emoji. 
The crypto industry figurehead linked the post to a <a rel="nofollow" href="https://x.com/cz_binance/status/1866357350468071541" target="_blank">previous one</a> he made in early December with the same caption. The post showed a similar move that happened in <a rel="" href="https://crypto.news/tag/russia/">Russia</a>, when a lawmaker suggested the creation of a strategic Bitcoin reserve in light of current geopolitical issues. 
CZ’s post seemingly hints at a growing global trend, where people are starting to urge their governments to form Bitcoin reserves, ultimately following in America’s footsteps. 
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Many X users were quick to comment under CZ’s post, expressing their certainty that Bitcoin domination was evidently happening across the globe after President-elect Donald Trump <a rel="" href="https://crypto.news/bitcoin-reaches-ath-of-106k-after-trumps-nyse-speech/">confirmed</a> his plans to build a Bitcoin reserve. 
“Imagine the space race equivalent when countries start buying BTC as a reserve currency,” wrote @Cryptoking on X. 
“We love to see progress in the space!” wrote @FEGtoken in another comment. 
 You might also like: <a rel="" href="https://crypto.news/bitcoin-reaches-ath-of-106k-after-trumps-nyse-speech/"> Bitcoin hits $106K, an all-time high fueled by Donald Trump’s intention to do “great with crypto” </a> 
On Dec. 11, a Japanese lawmaker — ironically named Satoshi Hamada — submitted questions for the government, asking whether they would consider forming a national Bitcoin reserve. 
Hamada directly referred to the U.S. government’s efforts to introduce a strategic Bitcoin reserve in the country, claiming that such a move could add a “tremendous amount of power” to the markets. 
“Should Japan also introduce a system to convert part of its foreign exchange reserves into crypto assets such as Bitcoin?” asked Hamada in his translated <a href="https://www.sangiin.go.jp/japanese/joho1/kousei/syuisyo/216/meisai/m216022.htm" target="_blank" rel="nofollow">submission</a>. 
As reported by crypto.news earlier this month, Anton Tkachev, state deputy of Duma, Russia <a rel="" href="https://crypto.news/russian-state-deputy-urges-to-create-bitcoin-reserve/">urged</a> the government to consider creating a Bitcoin strategic reserve in the country. 
In Tkachev’s proposal, he stated that Bitcoin would not only serve as a currency but also as an alternative asset for storing national funds. He argued that Bitcoin was not impacted by inflation nor cross-border sanctions, unlike the traditional currencies. 
Brazil’s Congress <a rel="" href="https://crypto.news/bitcoin-reserve-bill-introduced-in-brazils-congress/">joined</a> the race early on in Nov. 26, when Brazilian legislators in the Chamber of Deputies proposed a Bitcoin bill that would limit Brazil’s reserves to approximately $18.5 billion worth of Bitcoin. Regulators also recommended allocating 5% of the nation’s $370 billion treasury to the Bitcoin strategic reserve. 
Since the start of his presidential campaign, Trump has vowed to create a national Bitcoin reserve. After his presidential win, Senator Cynthia Lummis <a rel="" href="https://crypto.news/senator-lummis-u-s-is-going-to-build-a-strategic-btc-reserve/">reaffirmed</a> Trump’s plans to create a strategic Bitcoin Reserve in the U.S. 
A number of states across America have also been inching towards establishing Bitcoin reserve bills, including Texas, Alabama and Pennsylvania among others. The Canadian city of Vancouver also <a rel="" href="https://crypto.news/vancouver-city-council-to-adopt-bitcoin-reserve-asset/">recently</a> jumped on the wagon with councilors voting in favor of Mayor Ken Sim’s “Bitcoin-friendly” motion, which included converting a portion of Vancouver’s current financial reserve. 
 You might also like: <a rel="" href="https://crypto.news/bitcoin-reserve-bill-introduced-in-brazils-congress/"> Bitcoin reserve bill introduced in Brazil’s Congress </a>

CZ highlights how governments are leaning towards BTC strategic reserves

crypto.news

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