While some countries, including El Salvador, have taken important steps regarding Bitcoin (BTC) reserves in recent years, the steps taken by US President Donald Trump regarding the Strategic National Bitcoin Reserve have mobilized the whole world.
While many countries are following Trump’s lead, Europe is lagging behind in terms of BTC reserves.
While the BTC reserve issue continues to be discussed as a hot topic, Binance founder and former CEO CZ, who attended Token2049 held in Dubai, made important statements.
Stating that he has advised many countries on Bitcoin and cryptocurrency reserves, CZ said that Europe remains outside the reserve debate.
CZ said that he has advised many countries, excluding Europe, to establish national crypto reserves like the US.
At this point, CZ stated that some countries are already ahead and advanced in terms of BTC reserves and showed Bhutan as an example. CZ stated that Bhutan has billions of dollars in Bitcoin and said, “Bitcoin already exists and they are currently adding Ethereum and BNB to their national reserves.”
CZ also noted that Bitcoin ETFs are driving the current market cycle and that while Ethereum has not seen the same success, Bitcoin’s success will eventually spill over into Ethereum and other cryptocurrencies.
CZ finally argued that Bitcoin and crypto are financial freedom, saying, “No freedom works without freedom of speech, and that includes financial freedom. Crypto is more than technology. It’s a movement.”
*This is not investment advice.
