Overview

• Russian State Duma deputy Anton Tkachev has proposed creating a strategic Bitcoin reserve, citing limited access to traditional payment systems due to sanctions.
• President Vladimir Putin has endorsed Bitcoin as a potential global reserve asset, describing it as an 'unstoppable technology' in the face of Western financial restrictions.
• President-elect Donald Trump has pledged to establish a U.S. national Bitcoin reserve, halting federal sales of confiscated Bitcoin and proposing legislation to acquire up to 1 million Bitcoins over five years.
• Critics, including former Treasury Secretary Larry Summers, have called such initiatives risky and politically motivated, warning of potential economic consequences for taxpayers and the U.S. dollar.
• Analysts predict that increasing national adoption of Bitcoin, including potential moves by countries like Argentina, could drive its valuation higher, with Bitcoin currently trading near $100,000.