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This morning, bitcoin (BTC) investors cheered news of a supposed plan by Dutch lawmakers to authorize the creation of a strategic bitcoin reserve (SBR). Unfortunately, the post on X quickly earned a community note, putting an end to the excitement. “They are not. It is just a proposal,” someone commented, noting that the man speaking doesn’t speak on behalf of the legislature of the Netherlands. “This is an old video. And everyone voted against it,” someone else commented. Various posts about the non-existent news went viral. Complaints about the fake news turned out to be completely accurate. Indeed, the man speaking about the old proposal, Thierry Baudet, is a Forum for Democracy opposition speaker representing only three of the 150 seats in the Dutch House of Representatives. No SBR exists in the Netherlands, and Dutch lawmakers haven’t passed any bill authorizing one . News that never happened: Governments buying bitcoin reserves Read m...

Strategic Bitcoin reserve initiatives are now, as of March 2025, positioning the U.S. as the world’s largest government holder of Bitcoin. And just recently, President Trump’s executive order established a formal stockpile of cryptocurrency, with about 198,000 BTC valued at around $17.5 billion. This strategic Bitcoin reserve could very well significantly impact Bitcoin price volatility and also reshape the cryptocurrency market impact worldwide in the coming months. Also Read: AI Predicts Bitcoin’s Price Post The Crypto Summit: Will It Hit $100K Again? Exploring the U.S. Bitcoin Reserve’s Impact on Crypto Markets Source: Watcher Guru Formation of the Strategic Reserve Source: Arkham Intelligence The strategic Bitcoin reserve was actually created through an executive order that basically mandates that all Bitcoin acquired through forfeitures must remain under federal control rather than being sold off or liquidated. And also, the Treasury Department will be tasked with...

A congressman from Brazil has officially proposed a bill to establish a strategic Bitcoin reserve in the country: the Bitcoin Sovereign Strategic Reserve. The Reserva Estratégica Soberana de Bitcoins (RESBit) aims to diversify the country’s Treasury. According to Portal do Bitcoin, a Brazilian media platform, Congressman Eros Biondini filed the proposal on Monday. https://twitter.com/watcherguru/status/1861465673064411525?s=46 “The creation of RESBit is a strategic measure that positions Brazil as a leader in the new digital economy, reducing economic risks and expanding opportunities for technological and financial development,” wrote Biondini in the justification for the bill. “The approval of this project is essential to guarantee the country’s economic sovereignty and align Brazil with global innovation trends.” As presented, the bill stipulates planned and gradual acquisitions of Bitcoin, up to 5% of Brazil’s national reserves. Biondini’s proposal would also...