English | Español | Français
Market Cap: $ 3.26 T 24h Vol: $ 102.86 B BTC Share: 62.64%
BTCNEWS
  • Bitcoin
  • ETF
  • Prices
  • Exchanges
  • Glossary
bitcoinBTC/USD
$ 102,623.50 1.10%
No Result
View All Result
BTCNEWS
  • Bitcoin
  • ETF
  • Prices
  • Exchanges
  • Glossary
BTCNEWS
No Result
View All Result
Home Latest

CZ Sheds Light on Government Shift Towards BTC as Strategic Reserves

Former Binance CEO Zhangpeng 'CZ' Zhao Evidence Supports Emerging Government Trend towards Bitcoin as New Strategic Asset Reserve

Mark Valerius by Mark Valerius
December 16, 2024
Share on FacebookShare on Twitter

Key Points

  • Former Binance CEO Changpeng ‘CZ’ Zhao suggests a global trend towards establishing strategic Bitcoin reserves.
  • Various countries, including Japan, Russia, and Brazil, are considering the creation of national Bitcoin reserves.

Former Binance CEO Changpeng ‘CZ’ Zhao recently highlighted a potential global trend on social media. He pointed towards an increasing number of governments considering the establishment of strategic Bitcoin reserves, similar to plans introduced in the U.S.

In his post, CZ shared a headline indicating a Japanese lawmaker’s push for a national strategic Bitcoin reserve. He accompanied this headline with a sarcastic caption, suggesting the significance of this development.

Global Trend Towards Bitcoin Reserves

CZ linked this post to an earlier one from December, which reported a similar proposal in Russia. This suggests a growing global trend of governments being urged to form Bitcoin reserves, following the U.S.’s lead.

Many social media users responded to CZ’s post, expressing their belief in the global domination of Bitcoin. This comes after President-elect Donald Trump confirmed plans to establish a Bitcoin reserve.

Increasing Interest in Bitcoin Reserves

On December 11, Japanese lawmaker Satoshi Hamada asked the government about the possibility of forming a national Bitcoin reserve. Hamada referred to the U.S.’s efforts to introduce a strategic Bitcoin reserve, suggesting it could greatly influence the markets.

Earlier this month, Anton Tkachev, a Russian state deputy, also urged his government to consider a Bitcoin strategic reserve. Tkachev argued that Bitcoin could serve as an alternative asset for storing national funds, unaffected by inflation or cross-border sanctions.

In Brazil, legislators proposed a bill in November to limit the country’s reserves to approximately $18.5 billion worth of Bitcoin. They also recommended allocating 5% of the nation’s $370 billion treasury to a Bitcoin strategic reserve.

In the U.S., Trump has promised to create a national Bitcoin reserve since his presidential campaign. After his win, Senator Cynthia Lummis reaffirmed these plans. Several states, including Texas, Alabama, and Pennsylvania, are also considering Bitcoin reserve bills. Vancouver in Canada is another city considering converting a portion of its current financial reserve into Bitcoin.

Tags: Bitcoin (BTC)

Related News

spain crypto

Major Spanish Bank Recommends 7% Crypto Investment For Wealthy Clients

June 18, 2025
bitcoin debate

Core Developers Are ‘Risk To Bitcoin’ In Governance Battle, Says JAN3 CEO Samson Mow

June 10, 2025
Interview with 0G Labs’ Michael Heinrich on The Convergence of AI and web3

Interview with 0G Labs’ Michael Heinrich on The Convergence of AI and web3

June 10, 2025
market libra

Argentine President Cleared Of Ethics Violations In $4.5 Billion LIBRA Crash

June 10, 2025
bitcoin
Bitcoin (BTC)
Rank: 1
$ 102,623.50
Price (BTC)
Ƀ1.00000000
Marketcap
$ 2.04 T
Volume
$ 30.59 B
24h Change
1.1%
Total Supply
19.88 M BTC

  • About Us
  • Contact
  • Advertise
X-twitter Telegram Facebook Instagram Youtube Medium Linkedin

Information you can trust

BTCNews.com provides Bitcoin news and other cryptocurrency news, reaching millions of crypto enthusiasts daily.

It offers comprehensive coverage of business, financial, and international news related to digital assets.

Serving professionals through digital platforms, industry conferences, and direct updates, BTCNews.com is a premier provider of blockchain and crypto news.

Disclaimer: The information provided by BTCNews.com is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments are highly volatile and involve significant risks.

Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. BTCNews.com is not responsible for any losses incurred due to the use of information provided on this site.

  • © 2008 - 2024 BTCNews.com
  • Terms of Use
  • Privacy
  • Cookies
No Result
View All Result
  • Market
    • Crypto Prices
    • Crypto Exchanges
  • Learn
    • Glossary
  • News
    • Latest

© 2008 - 2024 BTCNews.com