Satoshi Action Fund co-founder and CEO Dennis Porter said more governments around the world are interested in creating a strategic Bitcoin -reserve.
According to him, 11 US states and two countries are ready to pass a law on the strategic reserve of the flagship cryptocurrency. Satoshi Action Fund is already advising the authorities of ten US states. In addition, his company will soon begin negotiations with Republican Senator from Wyoming Cynthia Lummis, who will tell how this issue is being discussed by the state government.
Porter believes that local governments could pass a bitcoin strategic reserve law before the new Trump administration implements it at the federal level.
Experts have calculated that if the United States approves the Bitcoin Strategic Reserve Bill, the country could acquire 1 million BTC in the next five years. This would accelerate the rally of the flagship crypto asset, which could eventually rise in price to $1 million.
Outside the US, the issue of creating a BTC reserve is being discussed by the Swiss authorities. Deputy Samuel Kullmann was the first to speak about it. He believes that such a reserve is necessary so that bitcoin owners can pay taxes in digital currencies.
