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Bitcoin Updates: Bukele Frames Bitcoin as a Cultural Movement to Counter Worldwide Fiat Supremacy

Bitcoin Updates: Bukele Frames Bitcoin as a Cultural Movement to Counter Worldwide Fiat Supremacy

Bitget-RWA2025/11/01 19:28
By: Bitget-RWA
- El Salvador's Bukele advances Bitcoin as legal tender, establishing 5,800 BTC reserves and planning Bitcoin banks by year-end. - Germany's AfD and France's Ciotti propose national Bitcoin reserves, citing monetary sovereignty and inflation resistance amid EU policy shifts. - Market optimism grows with $931M inflows into Bitcoin products, despite quantum computing risks threatening $188B in dormant coins. - Critics warn of regulatory challenges and technological vulnerabilities, as nations balance Bitcoin

President Nayib Bukele of El Salvador remains a strong advocate for

as a key element of the country's economic agenda, directly challenging the supremacy of traditional fiat money and positioning El Salvador at the forefront of global cryptocurrency integration. Since making Bitcoin legal tender in 2021, Bukele has introduced measures like the Chivo wallet—which provided citizens with $30 worth of Bitcoin—and has announced intentions to launch Bitcoin-focused banks by the end of the year, according to Live Bitcoin News
. The nation’s official Bitcoin reserves now exceed 5,800 BTC, a decision that has ignited both local debate and international attention, as highlighted by Coinotag
. Recent headlines, such as comedian Russell Brand’s viral announcement to attend El Salvador’s November 2025 Bitcoin conference, further illustrate the country’s drive to turn Bitcoin from a financial experiment into a cultural phenomenon, as reported by Coinfomania
.

El Salvador’s bold move has drawn comparisons to new developments in Europe, where countries like Germany and France are rethinking their approach to digital assets. Germany’s Alternative for Germany (AfD) party has suggested that Bitcoin be treated as a strategic reserve asset, calling for exemptions from EU MiCA rules and the creation of a national Bitcoin reserve, according to Coinotag. This comes after the controversial 2024 sale of 50,000 BTC—confiscated from criminal cases—valued at over $6.5 billion at current rates. AfD leaders claim that Bitcoin’s decentralized and inflation-resistant nature makes it a powerful tool for strengthening monetary independence and protecting against EU fiscal policies, as reported by CryptoTimes

. In a similar vein, French lawmaker Éric Ciotti has put forward legislation to acquire 2% of Bitcoin’s total supply (420,000 BTC) as a sovereign asset, aiming to reinforce economic security in uncertain times, according to TradingView
.

Bitcoin Updates: Bukele Frames Bitcoin as a Cultural Movement to Counter Worldwide Fiat Supremacy image 0

These initiatives point to a growing trend among governments to view Bitcoin not just as a speculative asset, but as a strategic reserve. U.S. President Donald Trump has also voiced support for a "national Bitcoin reserve" to rival China and other major economies, according to CryptoTimes. Institutional demand remains high, with Bitcoin investment products attracting $931 million in inflows during the week ending October 24, 2025, despite ongoing price swings, as noted by TradingView. Nevertheless, significant risks remain. The Human Rights Foundation recently cautioned that advances in quantum computing could compromise Bitcoin’s cryptography within five years, endangering up to $188 billion in inactive coins, including those tied to early addresses possibly belonging to Satoshi Nakamoto, as reported by Yahoo Finance

.

Optimism in the market is being driven by bullish forecasts from industry leaders. Michael Saylor of MicroStrategy and financial author Robert Kiyosaki both predict that Bitcoin could hit $200,000 by the end of the year, pointing to the cryptocurrency’s long-term strength despite short-term fluctuations, according to BeInCrypto . Their outlook is supported by blockchain data showing decreasing exchange balances and increased liquidity, indicating that both individual and institutional investors are continuing to accumulate Bitcoin. Meanwhile, corporate participation is growing, with Steak 'n Shake introducing a "Bitcoin Meal" campaign that donates 210 satoshis per order, and Matan Companies backing community projects in El Salvador, as covered by Coinfomania.

Despite the enthusiasm, some warn of the dangers of excessive regulation and technological vulnerabilities. The AfD’s call for clearer tax rules—such as keeping a 12-month holding period for capital gains tax exemptions—reflects efforts to encourage adoption while avoiding regulatory overreach, as Coinotag notes. Yet, unresolved issues like quantum computing threats and regulatory ambiguity, especially under MiCA, persist. As President Bukele frames Bitcoin as a "cultural revolution," the balance between policy, technology, and market forces will ultimately decide whether countries can realize its benefits without exposing themselves to major risks, according to Coinfomania.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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