Countries Exploring the Creation of a National Bitcoin Reserve

As Bitcoin continues its historic rise, several nations are weighing the idea of establishing a national Bitcoin reserve. With the cryptocurrency nearing all-time highs, the concept of holding Bitcoin as a reserve asset is gaining traction globally, spurred by its potential to hedge against inflation, diversify assets, and strengthen economic resilience.

United States

The United States has seen growing political interest in the idea of a national Bitcoin reserve.

Wyoming Senator Cynthia Lummis introduced the “Bitcoin Act,” a bill proposing that the U.S. acquire up to 200,000 Bitcoin annually for five years, amounting to 5% of Bitcoin’s total supply. The plan envisions a decentralized network of secure Bitcoin vaults managed by the U.S. Department of Treasury, with acquisitions funded through Federal Reserve resources such as bonds, loans, and gold reserves.

President-elect Donald Trump has also expressed support for a strategic Bitcoin stockpile. At the BTC 2024 conference in Nashville, Trump declared, “It will be the policy of my administration to retain 100% of all Bitcoin currently held or acquired by the U.S. government.” This aligns with his broader crypto-friendly rhetoric on the campaign trail.

Brazil

Brazil is actively exploring legislation to create a national Bitcoin reserve. The proposed Sovereign Strategic Reserve of Bitcoins (RESBit) would allocate 5% of the country’s international reserves to Bitcoin. Advocates argue this move would reduce Brazil’s exposure to exchange rate fluctuations and geopolitical risks, bolstering its economic stability.

Federal Deputy Eros Biondini, the sponsor of the bill, highlighted Bitcoin’s potential to diversify Brazil’s Treasury and support its digital currency, Drex. Under the proposal, Brazil’s Central Bank would manage the Bitcoin reserve in collaboration with the Ministry of Finance, with funds secured in cold wallets.

Poland

In Poland, presidential candidate Sławomir Mentzen has championed the idea of establishing a national Bitcoin reserve while promoting broader crypto-friendly policies. Mentzen has pledged to make Poland a “cryptocurrency haven” by implementing low taxes, supportive regulations, and cooperation with banks and regulators.

“It’s time for Polish politicians to look to the future,” Mentzen stated on social media. While the far-right nationalist candidate is currently polling third, his pro-crypto stance has sparked debate about Poland’s approach to digital assets.

Russia

Despite internal opposition, some Russian legislators have floated the idea of incorporating Bitcoin into the state’s reserves. This follows recent moves to legalize crypto mining and the use of digital assets for international payments.

In a notable shift, Deputy Foreign Minister Alexander Pankin previously suggested that cryptocurrencies could partially replace the U.S. dollar in reserves and trade settlements. “In the future, probably… some kind of digital assets,” Pankin told Russian media in 2021. While a formal plan for a Bitcoin reserve has yet to materialize, these discussions hint at a changing perspective on crypto within the country.

El Salvador’s Influence

El Salvador remains the pioneer in integrating Bitcoin into national reserves, having made it legal tender in 2021 under President Nayib Bukele. As Bitcoin’s price approaches $100,000, Bukele has celebrated the country’s early adoption, which has inspired conversations in other nations about following suit.

While these initiatives are in varying stages of development, one thing is clear: interest in a national Bitcoin reserve is intensifying. Whether to diversify assets, hedge against financial risks, or gain a foothold in the digital economy, countries are increasingly viewing Bitcoin as more than just a speculative asset—it’s becoming a potential cornerstone of sovereign strategy.

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