Philippines Eyes Bitcoin Reserve to Boost Economic Security
Philippine lawmaker proposes a Bitcoin reserve of 10,000 BTC to protect the economy and national security.
- House Bill 421 proposes a strategic Bitcoin reserve
- BSP to acquire 2,000 BTC annually over five years
- Aims to protect debt stability and national security
In a historic move, Philippine Congressman Migz Villafuerte has introduced House Bill 421, which aims to establish a Philippine Strategic Bitcoin Reserve. This initiative would require the Bangko Sentral ng Pilipinas (BSP) to acquire 2,000 Bitcoin each year for five years, totaling 10,000 BTC. The BTC would be held securely for 20 years, serving as a long-term buffer for national debt stability and economic resilience.
This proposal signals a strong belief in Bitcoin as a store of value — one that could protect the country’s economy in times of global financial uncertainty. The bill positions Bitcoin not just as an investment, but as a strategic asset, similar to gold.
Bitcoin as a Strategic National Asset
The concept of holding Bitcoin as a strategic reserve is still relatively new globally. If passed, the Philippines would join a small but growing list of countries exploring the idea of using cryptocurrency as part of their national financial infrastructure.
According to the bill, the BSP would begin accumulating BTC immediately after the bill’s approval, locking in prices annually. The idea is that over time, as Bitcoin potentially gains in value, the reserve would become a massive financial safety net, helping the country maintain its sovereign financial independence.
Villafuerte emphasized that Bitcoin’s decentralized and finite nature makes it an ideal hedge against currency devaluation, inflation, and geopolitical risks.
Could This Spark a Regional Trend?
This bold policy proposal could also influence other Southeast Asian nations to explore Bitcoin reserves. With increasing global interest in crypto-based economies, such legislative moves could redefine how emerging markets manage debt, savings, and national security.
While critics argue about the volatility of Bitcoin, proponents say its long-term trend and growing acceptance worldwide make it a viable addition to traditional reserves like gold and foreign currencies.
Read Also :
- Institutional Bitcoin Holdings Set to Double: State Street
- Kerrisdale Shorts Bitmine Over Weak Model
- Dreamcash Celebrates 100,000 Waitlist Signups with Exclusive $50k Giveaway Series
- Grayscale Moves $16.3M in ETH to Coinbase Prime
- Fanable Gets $11.5M to Power the Future of Pokémon & Collectibles; $COLLECT Token Farming Goes Live Now
