DeutschThe Bitcoin reserve will remain the defining topic on the crypto market in 2025. So far, only two countries in the world are investing in the cryptocurrency. The risk that other jurisdictions could follow suit is putting more and more countries under pressure. Meanwhile, the concept could alienate BTC from its original purpose.
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Why the Bitcoin Reserve is the Topic of the Year 2025
For several weeks, the state Bitcoin reserve has been on everyone’s lips. Internationally, the topic has become a trend. The starting signal for this was given by the Republican Party in the USA.
In July, politician Cynthia Lummis presented a bill at the Bitcoin Conference in Nashville. With the Bitcoin Act, Lummis wants to ensure that the USA acquire one million BTC over a period of five years. At the current market value of 95,777 US dollars per Bitcoin, this corresponds to around 96 billion US dollars.
Since then, other people have taken up the concept – including David Bailey, Trump’s personal crypto advisor. Bailey demands that the state Bitcoin reserve be implemented under Trump’s presidency.
The USA is not the first country on earth where state Bitcoin investments are being discussed. El Salvador has been investing in the world’s largest cryptocurrency since 2021. According to its own statements, Bhutan started investing in Bitcoin as early as 2019. The Asian country mines its BTC itself instead of acquiring it through marketplaces.
However, it was only the popularization of the topic in the USA that ensured that politicians took up the idea internationally and brought it to the table in their own countries.
President Trump has not officially announced a Bitcoin reserve. Whether this will happen in the future is controversial. Crypto expert Arthur Hayes believes that this concept contradicts the 78-year-old’s policies.
The Bitcoin Reserve is Already a Topic in these Countries
In the USA, there are active debates about the usefulness of a Bitcoin reserve. Various commentators consider different extents to be sensible. In the Republican Party, which will take over the government from January 20, 2025, the concept is already popular.
The Polish politician Sławomir Mentzen has been promising since November to create a Bitcoin reserve in Poland if he is elected president. Mentzen is a member of the board of the Konfederacja party, which is represented in the Polish lower house, but has so far been unable to prevail against the country’s leading parties.
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Lindner wants to make crypto a bigger topic in Germany.
The Bitcoin reserve is also gaining popularity in other EU countries – such as Germany. There, the FDP, a party that was involved in the government until November, wants to include state Bitcoin investments in its party program.
Its chairman, who is also the former finance minister, Christian Lindner, has already called on the German central bank and the European Central Bank to invest in Bitcoin or another cryptocurrency.
A similar demand was recently made by EU Member of Parliament Sarah Knafo in the EU Parliament. Knafo represents France in the European Union Parliament.
Further calls for a state Bitcoin reserve recently came in Japan through politician Satoshi Hamada and in Russia through President Vladimir Putin personally.
Russia is in a special situation due to a large number of financial sanctions. The country has already lost 300 billion US dollars in Forex reserves due to sanctions. As a result, Putin discovered the great value of a decentralized cryptocurrency. In addition, the country is already using Bitcoin as an international means of payment.
Switzerland: Popular Initiative for BTC Reserve Starts
In Switzerland, a state Bitcoin reserve has been a recurring topic since 2022. However, in previous attempts, the organizers failed due to the authorities. The Swiss National Bank (SNB) has so far refused to invest in BTC.
Luzius Meisser and Yves Bennaïm are particularly active in promoting the initiative. They accuse the SNB of already causing financial damage to the Swiss Confederation through its inaction.
Now the two Bitcoin promoters are trying to enforce their conviction through a popular initiative. The necessary collection of votes begins today.
“The citizens of Switzerland will vote on an amendment to the Swiss Constitution, which would oblige the SNB to hold Bitcoin as a reserve in addition to gold”, the Bitcoin Initiative explained via X.
“In order for this vote to take place, a committee has submitted a popular initiative and must now collect 100,000 signatures. This starts today.”
The deadline expires on June 30, 2026. The X account reacted with its comment to a post by EDU politician Samuel Kullmann, who publicly spoke out in favor of the amendment.
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What are the Advantages of State Crypto Investments?
The idea of state crypto investments is simple: Supporters consider Bitcoin to be the strongest currency on earth. Accordingly, a fiat currency would have to be strongest if it has the largest possible reserve of BTC in its back.
According to this theory, the financial system that can accumulate the largest amount of Bitcoin would be the strongest. It is not for nothing that the Bitcoin Act requires the USA to become the largest Bitcoin holder on earth over the next five years through one million BTC.
The potential benefits are enormous for private investors. If more and more states invest in BTC, a price explosion is inevitable. After all, demand is rising enormously, and extreme amounts of capital would be invested in the cryptocurrency.
Bitcoin investors could therefore make massive profits. That’s why the concept finds great support among Bitcoiners, but also in the broader crypto scene.
“It doesn’t matter whether a US Bitcoin reserve comes into being, because the mere threat of its creation creates buying pressure”, says Arthur Hayes.
Are State Investors Harmful to Bitcoin?
Of course, state investors could also have a negative impact on Bitcoin. Author Nic Carter, for example, expressed the fear in a text that BTC could undermine the US dollar and thus lead to a global financial crash.
After all, the US dollar would lose a lot of its attractiveness if the USA, of all countries, invested in Bitcoin as the guarantor of the fiat currency. Of course, not every observer considers a departure from the US dollar or the fiat money system to be harmful, but according to Carter, the economic chaos could lead to damage of unforeseeable proportions.
Carter also believes that there are no significant advantages over alternative investments – such as gold. The expansion of state control is conceivable, explains the author. For example, the USA could create a state reserve by imposing a ban on private investors – as the country already did with gold in 1933.
Regardless of the USA, the increasing state control over Bitcoin is probably the biggest point of criticism. The more BTC a government holds, the more power it can exert over the cryptocurrency.
In addition, a large investment is likely to ensure a steadily growing commitment. Bitcoin is actually supposed to be a counterpoint to state power. If governments were to increasingly appropriate the cryptocurrencies, the cryptocurrency would gradually lose this meaning.
