The Philippines just introduced a landmark bill to build a 10,000 BTC strategic reserve, acquired at 2,000 BTC per year and locked away for 20 years. If passed, this would propel the Philippines into the top tier of sovereign Bitcoin holders, joining El Salvador and Bhutan in the nation-state arms race.
BREAKING: Brazil has now entered the game. On August 20th, Brazil’s Chamber of Deputies held the first public hearing on Bill 4501/24, which proposes allocating up to 5% of international reserves (~$19B) into Bitcoin. This would be one of the largest sovereign Bitcoin buys in history.
As Asia and South America step onto the battlefield, the BTC Arms Race is accelerating. Nation-states are moving fast to secure Bitcoin before the supply shock hits. Hyperbitcoinization isn’t a question of if - it’s a countdown.
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