Philippines Dey Propose 10,000 BTC Strategic Bitcoin Reserve Wit 20-Year Lockup
Philippine Rep. Miguel Luis Villafuerte don bring House Bill 421 to form national Bitcoin reserve. Bangko Sentral ng Pilipinas go dey buy 2,000 BTC every year for five years to gather 10,000 BTC reserve. The Bitcoin reserve go dey for cold wallets wey dem scatter for different places, and e go lock for at least 20 years. After lock period, dem fit sell up to 10% of the reserve every two years to pay national debt. The bill also talk say dem go do quarterly public cryptographic attestations and independent audits to make sure sey security and transparency dey. If dem approve am, Philippines go join El Salvador and Bhutan to treat Bitcoin as strategic asset. Sovereign entities get about 517,296 BTC (2.46% of supply) now, mostly from US and China seizures.
Bullish
Central bank wey dey buy 10,000 BTC over five years dey support ongoing demand and e dey reduce how much supply dey available. The 20-year lockup and audit requirements dey improve long-term stability and make institutions believe more. This kain move make Bitcoin legit as strategic asset, e fit attract more people to adopt am and make traders happy, this one go push price up both for short-term accumulation phase and for long-term institutional positioning.