David Bailey, CEO of BTC Inc. and advisor to President-elect Trump's campaign, has announced that four undisclosed nations have approved strategic bitcoin reserve initiatives, potentially leading to the formation of a Bitcoin G7. Bailey did not disclose the identities of these nations or the extent of their measures. He suggested that a group of bitcoin-holding countries, including the US and China, could emerge similar to traditional international groups such as the G7. While no official announcements have been made by any nation, the US and Brazil have introduced initiatives to establish legal frameworks for strategic bitcoin reserves. Bailey emphasized the scarcity of bitcoin and the increasing demand from different nations, calling it a "bitcoin space race" amongst countries.



Other News from Today