By Nermeen Nabil Khear 
Lawmakers across several continents are pushing to adopt Bitcoin as a reserve asset. Multiple U.S. states and regions, such as Texas, Dakota, and New Hampshire, have expressed interest in this idea.
The US Congress is also working on a bill that would see the US Treasury purchase 200 BTC yearly and hold 1 million Bitcoin in 5 years.
Oklahoma Lawmaker Proposes Bitcoin Reserve to Fight Inflation
Representative Cody Maynard recently presented a bill to the Oklahoma House of Representatives, seeking to establish BTC in the state’s pension funds and savings. The House Bill 1203, also the Strategic Bitcoin Reserve Act, is also a measure to fight inflation.
₿RREAKING: A bill to create a ‘Strategic Bitcoin Reserve’ has been introduced in the state of Oklahoma. pic.twitter.com/MJbWv9Ia8n
— Dennis Porter (@Dennis_Porter_) January 15, 2025
The lawmaker explained: “Bitcoin represents freedom from bureaucrats printing away our purchasing power.” He added, “As a decentralized form of money, Bitcoin cannot be manipulated or created by government entities. It is the ultimate store of value for those who believe in financial freedom and sound money principles.”
Lawmakers in Pennsylvania have also submitted a proposal for a BTC strategic reserve. The move would see the state’s Treasury invest around 10% of its assets in BTC. The US isn’t the only nation pushing for a BTC reserve.
Oklahoma Lawmaker Proposes Bitcoin Reserve to Fight Inflation
Most recently, Czechia expressed interest in adopting BTC as a reserve asset. Aleš Michl, governor of the Czech National Bank (CNB), noted that the country was considering Bitcoin as part of its foreign exchange reserve plans.
BREAKING:
Czech National Bank considers buying Bitcoin as a reserve asset. pic.twitter.com/LGjea9qkBR
— Bitcoin Archive (@BTC_Archive) January 7, 2025
So far, El Salvador is the only nation to have successfully implemented a strategic BTC reserve. However, other countries like Brazil are pushing closely to that status. Brazil’s lawmakers are working on a bill called the Sovereign Strategic Bitcoin Reserve. The bill is geared towards protecting the foreign reserve from inflation.
The interest in Bitcoin reserves in Venezuela, Russia, Poland, Japan, Hong Kong, Germany, South Africa, and others points to a major fact: Bitcoin is going mainstream. With several companies holding Bitcoin and engaging in spot BTC ETFs, having BTC as a reserve asset gives the cryptocurrency mainstream approval.
BREAKING: I can confirm that the Liberal Democrat Party in Germany has officially classified Bitcoin as a “Reserve” in their party platform.
This is a huge move as countries in Europe begin to follow the lead of the USA.
I visited Germany earlier this year and plan to return.
— Dennis Porter (@Dennis_Porter_) December 19, 2024
These proposals provide a sense of confidence for crypto traders. Although the industry is miles away from finished, calls from lawmakers mean proper regulation is on the way.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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