The Fight for Bitcoin (BTC) Heats Up: Countries are Vying to be the Biggest Owners!

Jakarta, Pintu News – On March 20, investor and entrepreneur Anthony Pompliano stated on Fox News that there is a global race to buy Bitcoin BTC->Current BTC PriceRp 0Market Cap-Trading Volume-Circulating Supply-, similar to the space race of the past.

Now, the concept of a “Bitcoin race” is becoming a reality, with many world leaders discussing the urgency of establishing digital asset reserves or adopting cryptocurrencies as legal tender.

Check out the full news here!

The Global Race for Bitcoin

El Salvador became the first country to make Bitcoin (BTC) legal tender in 2021, purchasing more than 2,000 Bitcoin (BTC) as part of the national reserve.

The move aims to encourage financial inclusion and economic growth, despite both praise and criticism due to Bitcoin’s (BTC) volatility. In 2022, the Central African Republic followed in El Salvador’s footsteps for similar reasons: boosting economic development and financial inclusion.

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Countries’ Strategies to Strengthen Bitcoin Reserves

Michael Saylor, one of the most prominent Bitcoin evangelists, described the next decade as a “digital gold rush” and compared Bitcoin (BTC) to the Manhattan Project, calling it “digital energy”.

According to Saylor, only Bitcoin (BTC) and US Treasury securities have the global liquidity and trust necessary to serve as globally reliable reserve assets.

Several countries such as Russia, the United Arab Emirates, and Bhutan, as well as some large companies such as Strategy (formerly MicroStrategy) and BlackRock, have become the largest holders of Bitcoin (BTC) in the world.

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Mixed Reactions from Different Countries

While some countries, such as El Salvador and the Central African Republic, are rapidly adopting Bitcoin (BTC) as an alternative financial strategy, European countries tend to be more conservative.

Estonia, for example, has been a pioneer in adopting blockchain for elections and health data management. Still, EU countries are cautious about crypto reserves due to high volatility and low liquidity.

Countries like Switzerland, South Korea, and Japan seem unfazed by America’s ambition to win the Bitcoin race.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto News. Bitcoin Race Intensifies as Leaders Reserve Urgency. Accessed on March 24, 2025
• Featured Image: Generated by Ai