The arrival of Donald Trump to the White House, with his promise to create a Strategic Reserve of Bitcoin (BTC), unleashed FOMO (fear of missing out), or fear of missing out, on the part of some States and nations. So much so that one of the member countries of the G7 and another of the BRICS will begin to accumulate the pioneering digital currency as part of their reserves. And from that moment on, other governments will begin to copy the model that was already adopted by El Salvador.
The above statements come from predictions made by Dennis Porter, CEO of Satoshi Action Fund (SAF), an organization he founded that is dedicated to promoting policies to promote the adoption of bitcoin in the United States. «I predict that by the end of 2025 it will be established a Strategic Reserve of bitcoin in a G7 member country and a BRICS member country«, Porter noted. on social network X.
He did not specify which G7 country could take the step of adding bitcoin to its treasury, but it would be among one of those that make up the group: Canada, France, Germany, Italy, Japan, the United Kingdom, the United States and Germany, which could be the nation that is closest to raising legislative proposals in favor of bitcoin. This is because, in that nation, a movement has already been generated for the Bundestag (the parliament of that country) to debate bitcoin.
On the side of the BRICS bloc (Brazil, Russia, India, China, South Africa and others that have recently joined), Russia has taken the first step, given that a State Duma deputy asked the government to create a reserve bitcoin strategy.
Porter had previously mentioned that a movement of Bitcoin Strategic Reserves had started in the United States. This is because several states are getting ready to include the digital currency in their reserves. Subsequently, the states of Pennsylvania and Florida presented their proposals to include the invention of Satoshi Nakamoto in their balance sheets, as reported by CriptoNoticias.
A new era for bitcoin
The initiatives have emerged amid enthusiasm that is reaching new levels around bitcoin in the United States. This is especially after the elections in which Donald Trump was the winner, who will become the first pro-bitcoin president when he assumes leadership of the government on January 20.
We have legislators who are literally sliding into my messages, emailing us, reaching out on our contact form, and saying they want bitcoin. One of the highlights of all this is the participation of legislators who call themselves “bitcoiners.” We have a senator who contacted me recently and said he’s been a bitcoiner since 2017. He just got elected as a state senator and wants the first bill he introduces to be a proposal to create a strategic bitcoin reserve.
Dennis Porter, CEO of Satoshi Action Fund.
Dennis Porter believes that bitcoin contributes to the rescue of El Salvador’s economy and that is what he sees coming for the United States and other countries. Source: YouTube/McNallie Money.
Porter described, in a recent interview, how the Satoshi Action Fund has been instrumental in this process, providing policymakers with the information and tools necessary to develop sound policies around bitcoin. He added that they have managed to pass laws in four states and have introduced more than 30 bills across the country related to the right to self-custody of BTC and on rights to run a Bitcoin node.
Specifically on bills to convert strategic bitcoin reserves, Porter said that each state, jurisdiction, and country is a little different and therefore each requires a different model and unique strategy for introducing a bill.
When we were analyzing Bitcoin policy two years ago, there was no light at the end of the tunnel; Now that we’ve passed the light at the end of the tunnel, we’re starting to see lawmakers in at least 10 states, maybe as many as 11 or 12 states coming forward with strategic bitcoin reserve legislation here in the United States. There are also like six countries that are working on it or have already started building a strategic BTC reserve, so there is all this momentum that is incredible.
Dennis Porter in the McNallie Money show.
Solid money shakes the United States
The movement to include bitcoin in the state reserves of the United States is gaining strength and according to Dennis Porter what is happening is that there is a growing tendency among states, especially those governed by Republicans, to Diversify your treasures with solid assets like gold, silver and now bitcoin.
“There is a lot of movement of solid money throughout this country, predominantly in the red states,” Porter said. This trend has been fueled by model legislation that allows states to allocate up to 10% of their treasuries to precious metals. “The Satoshi Action Fund is actively working to expand this legislation that will allow bitcoin to be included on balance sheets,” he added.
For the bitcoiner, what is underway is only a starting point, all with the idea of protect citizens’ wealth and provide an alternative to fiat currencies. “Once these states pass these laws, and we certainly will, we will continue to press the accelerator to say, ‘Hey, this is exactly what you’re going to buy and this is exactly what we’re going to add to the treasury, this is what we should add to the pensions,’” he explained before quoting former American president Ronald Reagan: “I’m going to take half the bread and come back for the other half later.”
In any case, Porter warns that the city of Washington DC, the seat of the United States federal government, is characterized as a “difficult place for bills to reach their end.” That is why he believes that the best hope for moving more quickly to create a strategic reserve of bitcoin is that, once he becomes president, «“Trump can issue an executive order to get things rolling.”.
However, Porter warns that reliance on an executive order could be risky, since a future president could revoke it. He adds that the current chances of a bitcoin reserve materializing for the United States in 2025 are estimated at between 20 and 30%, although the situation could change drastically if a presidential decree is issued.
According to what Porter said during his interview, the inclusion of bitcoin in national reserves is a historical milestone that marks the beginning of a new financial era. While the path is full of challenges, the opportunities are immense. Given this panorama, it is worth asking if, in fact, we are witnessing the birth of a new global monetary system with countries adding bitcoin to their treasures?… Only time will tell.
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