EL Salvador Takes the Lead in International Race for a Bitcoin (BTC) Strategic Reserve

• El Salvador takes the lead in the international race for a Bitcoin Strategic Reserve.
• Following closely are the USA, Brazil, and Switzerland. 
• The price of BTC will keep rising as global adoption grows rapidly.

Since Trump and Lummis’ promise of setting up a US Bitcoin Reserve the race among countries to create their own Bitcoin Reserves has intensified more than ever. Indeed, some countries like El Salvador had a great early start as the first country ever to make Bitcoin a legal tender. 

Since then El Salvador has been accumulating BTC steadily and has thus taken the lead. As we can see from the post above, El Salvador is closely followed by the USA, Brazil, and Switzerland. It seems that the international race for a Bitcoin (BTC) Strategic Reserve is off to a great start and will likely only get more competitive as the years go by. 

To highlight, El Salvador’s President Nayib Bukele, made Bitcoin a legal tender in El Salvador before the previous bull cycle’s bull market phase. As he encouraged his citizens to hold Bitcoin, he also provided them with the means to due so with a national crypto wallet. Bukele also took several steps to ensure the country would hold Bitcoin and used the profits to improve the state of the country. 

He even went as far as to begin mining Bitcoin ethically using the geothermal energy from the volcanoes of El Salvador. Truly a visionary, Bukele has earned El Salvador the leading position in this race to establish a BTC Strategic Reserve. His accomplishments for the country earned him another Presidency. 

Now, the USA with Trump and Lummis at the lead are preaching of setting a US Bitcoin (BTC) reserve. Which in turn has led to more countries adopting Bitcoin as a reserve currency as well. This could well turn into a global race involving more countries which will likely result in Bitcoin’s value pumping to the moon. 

Tags:Bitcoin Bitcoin Strategic Reserve BTC BTC reserve Crypto market cryptocurrency El Salvador