Bitcoin $102,189.6With the US considering creating a Bitcoin reserve, it reached a historical peak and surpassed the $106,000 level. Former US President Donald Trump’s statements on CNBC were effective in this movement. Trump stated that Bitcoin should be considered a strategic reserve asset.
US’s Bitcoin Reserve Plan is Discussed
In his statement on CNBC, Trump announced that the USA is seriously considering creating a Bitcoin reserve. “The future of Bitcoin is very bright. “It can be used as a reserve,” he said. These statements once again revealed the strategic role of Bitcoin in financial markets. Congresswoman Senator Cynthia Lummis also supported this issue. Lummis said that the USA should turn to Bitcoin in terms of innovation and competition with the Bitcoin Act bill he submitted to Congress.
Similar discussions are taking place in Japan. Lawmaker Satoshi Hamada: “Will Japan be left behind while the USA takes this step?” he asked. He stated that Japan should allocate some of its foreign exchange reserves to digital assets such as Bitcoin. The feasibility of Bitcoin reserves will be investigated, with the proposal submitted to the country’s National Diet. This situation further increased Japan’s interest in cryptocurrencies.
Thailand Focuses on Research in Cryptocurrencies
Thailand, on the other hand, takes a different approach to cryptocurrencies. Former Prime Minister Thaksin Shinawatra stated that his country should not remain indifferent to this trend. “Buying Bitcoin is not important, our people must first understand this system,” he said. Shinawatra suggested approaching cryptocurrencies from a research and development perspective.
In this context, the Securities and Exchange Commission (SEC) of Thailand has created a special regulatory sandbox. Crypto innovations are tested on this platform. SEC officials said, “This project was designed to test innovative ideas. “It will continue for a year,” he explained. Within the sandbox, participants who meet criteria such as capital adequacy and management structure are carefully selected.
Bitcoin exceeding 106 thousand dollars attracts the attention of not only investors but also countries. Countries such as the USA, Japan and Thailand approach cryptocurrencies from different angles. These developments seem to further strengthen the place of cryptocurrencies in the global economy.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
