Thailand and France have joined the call for the creation of a strategic Bitcoin reserve, seeing this move as an opportunity to harness the potential of the cryptocurrency to strengthen their economies and adapt to global trends.
The United States initiative to create a Strategic Bitcoin Reserve (SBR) has begun to spread beyond its borders, becoming a global movement which is gaining followers in different parts of the world. Countries such as Russia, Brazil, y Slovenia have shown interest in adopting bitcoin as a reserve asset, and now, Thailand y France join this trend.
In Thailand, former Prime Minister Thaksin Shinawatra, father of the current prime minister, is becoming a leading voice in promoting the adoption of Bitcoin as a strategic asset, while in France, lawmaker Sarah Knafo has taken the lead in suggesting the European Parliament follow in the footsteps of El Salvador, advocating for a reduction in excessive regulation on cryptocurrencies to facilitate their adoption.
The idea of a Bitcoin strategic reserve has spread rapidly in recent weeks, attracting Russia, which wants to explore the possibility of using Bitcoin as an alternative to traditional currency reserves; Brazil, which is moving forward with cryptocurrency regulation; and Slovenia, which has shown growing interest in becoming a cryptocurrency hub.
Thaksin Shinawatra: Leading Bitcoin Adoption in Thailand
Shinawatra is promoting Bitcoin as a strategic reserve asset. According to Colin Wu, the former Thai prime minister has urged publicly to the citizens Stay informed about the Bitcoin and cryptocurrency space, arguing that knowledge in this field is essential to understanding its potential impact on the global economy and politics.
Shinawatra has also stressed the importance of the Thai government exploring Bitcoin adoption as a way to diversify its foreign exchange reserves and reduce reliance on fiat currencies. According to his vision, the price of Bitcoin could surpass $850.000, which is why he considers it important to create a regulatory framework that encourages research and innovation in the crypto sector.
Wu also reported that Thailand's current prime minister has instructed officials in the country to begin studies and efforts to enable Bitcoin payments, starting in major tourist cities.
Sarah Knafo: Advocating for the reduction of regulations in France
In France, lawmaker Sarah Knafo is becoming a proactive voice in pushing for the adoption of Bitcoin as a strategic asset. Knafo recently proposed before the European Parliament following in the footsteps of El Salvador, a country that has adopted Bitcoin as legal tender. Their main argument is that excessive regulation can stagnate the development of the cryptocurrency sector, while balanced regulation can foster innovation and competition.
Knafo has stressed the importance of France and the European Union in general adopting a more open stance towards cryptocurrencies, recognising their potential to boost the economy and improve financial efficiency. His proposal includes the creation of a legal framework that protects investors and ensures transparency, without imposing restrictions that could discourage adoption.
On her X account, the lawmaker has also made it clear that she is opposed to the development of a digital euro.
The Bitcoin Strategic Reserve, a growing global movement
The adoption of Bitcoin as a strategic reserve asset is a movement that is gaining momentum globally. Countries like Thailand and France are the latest to take concrete steps to explore and encourage the adoption of this innovative technology, which can not only diversify a country’s foreign exchange reserves but also open up new opportunities for innovation and overall economic growth.
Bitcoin, which is positioned as the largest cryptocurrency in the market, with a market capitalization of over $1,9 trillion, has the ability to transform traditional financial systems, promoting transparency, security and efficiency. As more countries join this initiative, Bitcoin's role in the global economy will be strengthened, laying the foundation for a more inclusive and dynamic future in the financial sector.
