Crypto, Bitcoin, Investing

With Talk of Strategic Bitcoin Reserves Being Established by Many Countries, BTC Mooning Seems Likely

Years ago, the idea of Bitcoin hitting $1 million seemed far-fetched. Today, with entire countries and U.S. states establishing Strategic Bitcoin Reserves (SBRs), it feels inevitable.

There are a lot of squirrels (think countries!) out gathering Bitcoin, and there’s only 21 million Bitcoin. Image by Midjourney AI.

It seems like hardly a day passes lately without news of some entire country, state, or major economic stronghold (giant bank, large fund, etc.) making the news for its stance on forming a Strategic Bitcoin Reserve (SBR). I’m not sure how anyone can read this, from an investor’s standpoint, and not be unbelievably bullish on the trajectory of the world’s major cryptocurrencies — especially Bitcoin.

I’m making the below list just for my own research, but … when you think of even the few countries listed here allocating a small percentage of their strategic reserves to crypto, the numbers become astonishing. Add to that the inevitable adoption by many other countries once a few officially hop on board, and you’ve got a worldwide race to accumulate more and more of what can only ever be 21,000,000 coins.

By my current count, there are at least a dozen countries seriously considering forming SBRs at the moment, and at least a dozen U.S. states as well. These quickly growing…