The latest developments around Bitcoin across different countries showed that the majority of the countries are considering buying Bitcoin, just like Gold & Silver.
We already reported that former US President Donald Trump secured a very big victory in the US presidential election 2024 & he is ready to assume US presidential office in January 2025 & provide a friendly environment for Bitcoin-related rules & laws.
Bitcoin advocates in the US jurisdiction already proposed the “Bitcoin Strategic Reserve”, & it is expected that Donald Trump will make it real, as he promised the Bitcoin investors during his presidential election campaign.
In a recent interview with CNBC, Trump said that America will not follow China, which banned Cryptocurrencies, but instead follow other countries that are adopting Cryptocurrencies.
Trump said that America will be a leader in crypto adoption.
It is worth noting that Trump’s fund, “World Library Financial”, has been continuously buying different types of cryptocurrencies. So far, Trump’s Fund Spent $44M on 5 Cryptos.
Bitcoin adoption wave in other countries
Because of America’s increasing inclination toward Bitcoin, the majority of the countries are now thinking of jumping into the Bitcoin sector.
Currently, El Salvador is at the top of this Bitcoin adoption race & and America is leading after this country. The other countries in this race are.
Brazil
Already, we reported that the “Bitcoin Strategic Reserve”- like another concept proposed by Brazilian congressman Eros Biondini.
Russia
Russian President Vladimir Putin signed a bill to provide crystal clear rules for the crypto mining business & also the income tax authority removed any kind of VAT from the sale of cryptocurrencies by mining companies. The whole strategy was only to make digital assets available to use for cross-border settlement.
However, Russia so far is lagging in the race for a Bitcoin investment plan, but it is believed that sooner or later, news will come into the public domain.
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Japan
On 11 Dec 2024, Yamada, a member of Japan’s House of Councillors, asked the government for its stance on the Bitcoin strategic reserve idea. He asked this question because of the increasing hype around Bitcoin among governments globally, including in the United States.
Over the last few years, the Japanese economy faced a significant downfall, including a slowdown in its GDP. Yamada asked the government to study the concept of Bitcoin with a deeper understanding & explore Bitcoin’s use as a strategic reserve.
Binance CEO Changpeng Zhao (CZ) noted that things are now continuously changing for Bitcoin.
Thailand
In the latest developments, Former Thailand Prime Minister Thaksin Shinawatra suggested the Thai government back its digital currency with Bitcoin.
Iran
Recently, the Central Bank of Iran introduced a new set of rules & laws for digital assets. The new law aimed to regulate cryptocurrencies under a crystal clear regulatory framework.
The Iranian central bank aimed to reduce the pressure that arose because of the financial sanctions imposed by the US & other US allies.
However, the Iranian government & Central Bank collaborated at a better level to explore the use of cryptocurrencies, but so far, no official announcement has come to the public domain regarding investment.
Some experts from Iran predicted that the situation is going to provide a better environment for the Bitcoin market to see significant inflow of capital, and in that scenario, Bitcoin will easily hit the trade price of $2.2 million.
Argentina
Just a few days ago, the Argentine regulatory bodies signed an agreement with El Salvador to follow collaborative efforts to share knowledge and experience, to spur crypto innovation.
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