What the Kazakh government is doing is an effort to develop its strategic reserves through strategic partnerships. The concept has been well thought out and will be implemented. Therefore, its success or failure depends on how well it attracts investors to invest in this strategic mining program.
This doesn't mean that El Salvador's failure to achieve its full potential will mean that other countries pursuing similar initiatives will too, it's too early to draw such conclusions. So let's just take a look at their plans and how they develop in the future.

Approving a bill doesn't really mean they are front-running America... What matters is how many bitcoin they ultimately hold or plan to acquire. As far as I no, the U.S. is still the largest known sovereign holder with more than 300k bitcoin. Whether Kyrgyzstan now passed a bill or not, it doesn't really make a difference at first glance. I don't know if they passed something like an acquisition strategy along with that bill, but I doubt. It probably wouldn't be very smart to make a purchasing strategy publicly available.

What is also interesting about Kyrgyzstan is that they approved a legal framework allowing the government to leverage state-owned energy infrastructure for crypto mining, but it seems they are not disclosing any statistics.

THE LAST TIME MICHAEL SAYLOR SOLD BITCOIN, BTC RALLIED FROM $17,000 TO $126,000.

HE KNOWS WHAT’S COMING 🚀



source code: https://x.com/Vivek4real_/status/2084123089055694907?s=20

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There is an interesting takeaway related to Michael Saylor and Bitcoin on this image.

The claim states that on the past occasions he sold some Bitcoin the price of it was later followed by strong gains. Although past performance can be very informative, there is no certainty what would happen on future.

Michael Saylor has been one of the biggest supporters of Bitcoin as an asset for a long-term and this means that his actions are under observation of many investors and therefore related news has great visibility within crypto community.

However, one individual can hardly be the reason to move Bitcoin market. Combining different data points like market stats, on-chain data with risk management practice is always beneficial before proceeding with any decisions.

What do you think? Do the actions of Michael Saylor have an influence on the price of Bitcoin or is the market driven by much larger factors? Share your thoughts below

Of course, the Bitcoin market is influenced by factors broader than just the decisions of one individual, but Saylor's buying and selling decisions still influence market sentiment, given the size and influence of his Bitcoin holdings. But, this impact is short-term, and more people base their investment decisions on broader market conditions and Bitcoin's long-term fundamentals than simply following the decisions of one individual.

However, further discussion on this can be conducted in another thread, as this thread only addresses Bitcoin's strategic reserves.

I think you are in wrong thread.

This topic belongs in the thread https://bt.irlbtc.com/view/5268108.3440

Maybe better move any Saylor and Strategy discussion on that thread. Because this is more helpful to have proper flow of discussion about Bitcoin Strategic reserve.

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Also look at this recent action done by Putin Putin signs 1st law regulating digital currencies in Russia this is good development happening in Russia. Although even if they still have restrictions.

Maybe in future if lots of good things came in, they decide to talk about building a Bitcoin Strategic Reserve for their country.

Bhutan has been buying Bitcoin for many years, but they are not able to hold Bitcoin permanently for a long time. Because this mindfulness city has allowed spending 10,000 Bitcoins, but spending 10,000 Bitcoins at this time would be foolish because the price of Bitcoin is much lower than in the past.
So if they wait a few more days, that is, they will not have to spend half of the Bitcoins for this city, so holding it for a long time will definitely be more profitable. El Salvador is one of the unique countries where Bitcoin has been held for a long time, so other countries should follow this Bitcoin holding policy.

Gelefu mindfulness city will be able to gain more fame if it is built around Bitcoin and the desire to hold Bitcoin is aroused among the people. Because it has to be transformed into a Bitcoin trading zone, and the excitement of Bitcoin education among the people here has to be reflected, then this city will be able to gain more fame.

There are two sides to the coin as well. If there are benefits in holding Bitcoin for a long term, Governments do have certain costs to incur and sometimes have to utilize their reserves for development. There may be situations when Bhutan could want to spend part of its holdings, even when the price is below its peaks.

For governments, it is important not to just hold Bitcoin forever. They should have a clear strategy when to hold, and when to sell, and how much they can afford to put at stake. El Salvador’s long term strategy with Bitcoin is of course very interesting, but each country has a different need financially speaking. Patience is virtue but sound financial planning is just as well.

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Source Code: link

I think integrating Bitcoin into Gelephu's economic and technological narrative has great potential to make the city more relevant. However I'm not sure if simply pushing for Bitcoin trading will make the city a success. There need to be a foundation of education first so the population is aware of the opportunities and risks of Bitcoin.

Educating residents about self-custody, security, volatility and responsible investing could enable them to make good choices, instead of pursuing hype blindly.

Other aspects that could positively affect a Bitcoin-friendly approach include drawing investors, businesses, and tech projects. From my perspective the key is a good mix of education, an enabling ecosystem, and smart regulations.

Israel's Largest Bank Approves Bitcoin



Even on the eve of the horrors of this war, Israel has taken a groundbreaking step in its acceptance of Bitcoin. While the whole world is afraid of the horrors of war, a famous and popular bank in Israel, Leumi, has taken a groundbreaking step for its customers. They have allowed customers to buy Bitcoin, which will start from 2027. The bank has directly allowed customers to buy, hold and sell Bitcoin and they have approved an app where they can buy, sell and hold Bitcoin.

Bitcoin Magazine

In this case it’s not a strategic reserve.
This is a client’s property, that might be held at the bank. If a client buys bitcoins nothing is registered in bank’s balance sheet.
Guys, this news is totally off topic.