Martin Schlegel(Swiss national Bank Governor) isn't doing the Swiss people any good especially in this era when the world is going digital
and Bitcoin adoption is going global, with countries seen embracing Bitcoin rapidly and holding it as a strategic Reserve. I think martin Schlegel needs to go back to the drawing board, Change his wrong and negative perspective about bitcoin and if possible,he should hire the services of Changpeng Zhao(Binance CEO) as special advisor for Bitcoin,to help enlightened him more about Bitcoin and why holding Bitcoin as strategic reserve can be very profitable to Swiss economy in the Long run. I am more convince with this kind of poor reason for rejecting Bitcoin reserve because of liquidity and volatility risks could be as a result of lacks of confidence, poor knowledge about the basics of bitcoin, receiving bad advice from inexperienced advisor in crypto related matters,could also trigger such bad decisions. I have seen people like him with similar decisions but they eventually changed and embrace Bitcoin.  I believe in time,Martin Schlegel will surely change his negative thoughts about Bitcoin and  start holding it as a strategic reserve .

Not only Swiss national Bank Governor,  every country's government should think about this,

If a country's income and expenditure are calculated and it is seen that the amount of reserves is increasing every year, and if the country is economically stable. If there is no internal problem in that country, then that country should keep their reserve money as Bitcoin.

I don't know what any country keeps their reserve money as, but I think it is best to keep their reserve money as Bitcoin, because the maximum use of Bitcoin can take the price of Bitcoin to a great extent. It can be seen that after a country keeps a reserve of Bitcoin, their reserve amount can increase several times after a few years due to Bitcoin.

If we do a statistic, we can see that if someone keeps gold in the reserve as reserve money in 2011,

In 2011, the price of gold per ounce was about $1800, which is $3350 in the current market.

Again, if instead of 1 ounce of gold = $1800, in 2011, (1800÷6)= 300 Bitcoin could be stored, then its current market value would be
$105,500×300=$31,650,000.
[at $6 per bitcoin]

So, the capital of those who stored gold from 2011-2025 is 1.86 times the amount they currently store.

And the capital of those who stored Bitcoin is 17,583 times their stock.
[Note: The value adopted is not entirely accurate]

That is, if someone had stored their remaining reserves in 2011 as Bitcoin reserves, then at the present time the same reserve would be 17,583 times more than the previous reserve amount.

On the other hand, no one can say the exact amount of gold that there is in the world, on the other hand, people are aware of the amount of Bitcoin, so we can be pretty sure about its price.
It is fairly certain that the price of Bitcoin will increase to a large extent in the near future because its use is increasing day by day and people are becoming more aware of it day by day. The more people know about it, the more it will use it, the more its price will increase.
However, one thing remains, since the birth of Bitcoin, it has been seen that if some individuals or groups make any comments about Bitcoin, it has a huge impact on the market.

What is your opinion on this?

Bitcoin is still a growing asset and hasn't gotten to his peak yet,that is in the next 10-15years,the value of 1 BTC can be worth $1,000,000 in value. If countries that have started buying and holding Bitcoin as a strategic reserve at this current rate of Bitcoin, imagine how much profits the reserve will generate in the next 15 years of holding. Looking at El Salvador,they have been consistently buying Bitcoin daily for months while holding it as a strategic assets, Recently they posted profits of $357millions generated for holding Bitcoin over the months as strategic Reserve. Imagine how much profits El Salvador  will make for Hodling when Bitcoin prices reaches & crosses over $1Million because definitely it  will surely grow to that price over the years. I am sure every individual, cooperate firms and the government should consider converting their Fiat currency to Bitcoin and hold it as a strategic asset for a longer period because of its unique Monetary growth over the years .

I saw today an interesting article about Nation States hodling ETF on Bitcoin.
Therse aren’t necessarily Bitcoin Strtategic Reserve, but as along as sovereign are exposed to (a lesser version of) Bitcoin, who am I to disagree?
I will craft something and I will post it later today.

You are quite conservative with your assertion of $1 million per bitcoin in the next 10-15 years, and surely there is no guarantees in bitcoin, but still your projections are conservative. $1 million is ONLY 9.5x from our current price, so it could even happen this cycle.. perhaps even having somewhere between 5% to 10% odds for this cycle, and yeah, in 15 years bitcoin could fairly easily get to $10 million or beyond, and sure there are lower odds that it could get to $100 million in 15 years, yet getting to $100 million or even $1 billion per coin would be quite high prices and indicate that bitcoin has absorbed a lot of its addressable market and those kinds of prices would be 100x to 1,000x of gold's current prices, to the extent that gold might continue to hold its value in the coming years while bitcoin is gaining in value, perhaps relative to gold.

What makes bitcoin such a great asymmetric bet is that as long as we do not engage in leverage, then the most we could lose is 100% of what we put into bitcoin, yet bitcoin still has a lot of upside potential that is difficult to really know with any confidence, even when bitcoin continues to have strong investment thesis that even governments, financial institutions and status quo rich folks are engaged in deliberations regarding hoarding bitcoin and using bitcoin as a strategic reserve for their treasuries.. which will surely continue to put upwards price pressures on bitcoin's limited supply.. and perhaps even show that some third party entities do not custody the quantity of bitcoin that they claim to have.


I agree with you that there are more and more countries, institutions and/or individuals contemplating and/or even acting upon the hoarding of bitcoin, and they may also want to either hold the bitcoin directly or to make sure that their bitcoin are not being rehypothecated (meaning that more than one person/entity has claims upon the same bitcoin).

Of course Bitcoin will become much more valuable in the future because its demand is increasing day by day, which is happening before our eyes. Currently people in the United States own more Bitcoin than gold, In fact this was supposed to happen because right now we can see that most states in this country have adopted strategic Bitcoin reserves. According to @River, it is observed that more than 50 million people in the United States currently own Bitcoin.

Maybe it wouldn't be wrong to say that the United States is the superpower of Bitcoin, because there are numerous Bitcoin companies in this country. Moreover, you mentioned Salvador and Bhutan here the US currently holds the largest amount of Bitcoin, so this country is now in the highest position.

Texas holding a final vote today in the house will likely produce positive voting outcomes in favour of the SB 21 bill, Senate voted unanimously and passes the bill with a 25-5 vote,it was a massive vote for Bitcoin and I believe similar results be held today. If the bill  passes the final vote in the house and the Governor eventually signed it into law, Texas been the 8th largest economy in the world will certainly boost Bitcoin adoption in the US and while also investing tax payers funds worth Millions of dollars into Bitcoin and holding it as strategic asset will have a positive impact in the price of Bitcoin.

We are still expecting positive outcomes from Ukraine parliament about the strategic Bitcoin Bill as Ukraine is making Final plans to formally setup a  Bitcoin Reserve to hold 46,351 BTC worth Billions of dollars as a strategic asset. This is going to be massive.

105 honorable house members voted in favor while 13 members voted against, Truly amazing seeing Americans embracing Bitcoin ,it's now up to to the Governor to give the final approval.Governor Greg Abbott is a strong supporter of bitcoin and would do the honour in signing the SBR Bill into law.

The third which is the final reading is today so hopefully we can see it pass easily without getting any issue or get vetoed by Governor Greg Abbott. But for sure he will ride with the majority decision and finger cross we can see the Bitcoin Reserve Bill in Texas will successfully pass.

I like the words the use in this article https://decrypt.co/321249/texas-house-advances-bitcoin-reserve-bill-bipartisan-backing that they want to recognize digital asset is not as a trend but a strategic opportunity because it provably give positive perspective to speculators that there's nothing to fearon Bitcoin and this is good asset to have.

As soon as it concerns money, even the most "sickly" officials in the US immediately keep their nose to the wind. None of them will pass by an opportunity. Here they already have all this intuition about finances in their blood. And sensible ideas immediately appear and many other positive things. This is the mentality of capitalists. Everything is in perfect order here.