Philippines Mulls Over Strategic Bitcoin Reserve with a 20-Year Lockup Period

The Philippines is contemplating the establishment of a strategic Bitcoin reserve, marking a significant shift in the nation’s stance on cryptocurrencies. According to a recent report, this Bitcoin reserve would be subject to a stringent 20-year lockup period, indicating a long-term commitment to investing in the digital currency. This consideration comes as several nations explore the advantages of integrating cryptocurrencies into their economies. Proponents argue that this move could bolster economic diversification and offer a hedge against potential inflation. However, regulatory challenges and security considerations still need to be addressed to ensure the successful implementation of this initiative.