Trump will make Bitcoin the country's strategic reserve. Promising Bitcoin will To the moon in his administration. Making America the Crypto capital of the world. Fired SEC chairman Gary Gensler. Freed Ross Ulbricht. And the price of Bitcoin from 60,000 rose to above 100,000. But what is Bitcoin strategic reserve? Bitcoin strategic reserve is a concept where a country holds Bitcoin as part of its national reserve. Well, this is similar to a country that stores gold or foreign currency reserves as foreign exchange. So these reserves can be used for economic stability, to protect against the decline in the value of the currency, or to strengthen the country's geopolitical position in the long term. Well, this idea became more popular after Donald Trump appeared at the Bitcoin conference and said he would create a Bitcoin strategic reserve if elected. So, on November 5 2024, Donald Trump won the election and was elected president. Since then, many people have started to look at Bitcoin as their country's reserve alongside gold. In early December, the US treasury considered Bitcoin as digital gold in its Report. And Jeremy Powell head of the Federal Reserve also said Bitcoin is like gold and gold's main competitor. Now, about what Bitcoin is in more detail, I didn't discuss it in this video because it was discussed in several previous videos. Friends, you can watch my video about the 21 keys to Bitcoin and a video on how to explain Bitcoin to other people. So, friends, you will get a lot of insight through these two videos. In essence Bitcoin is an outlier event Once In A Lifetime asset. And whoever has conviction and accumulates Bitcoin early will win. Well, coincidentally we have learnbitcoin.com. And our main module, our most important module is to build conviction quickly. Because to build conviction, friends must understand the history of money, understand capital markets, understand geopolitical game theory, understand cryptography. Where all of this is the result of my knowledge of compounding over the years which was copied in that module. So, if you don't have time to read hundreds of books and journals, you can start building your conviction via Belajarbitcoin.com. So, a country must have strategic reserves as a hedge against emergencies or global economic crises. Apart from Bitcoin, America actually also has other strategic reserves such as the Strategic Petroleum Reserve which aims to maintain energy supplies in emergencies and stabilize oil prices. The legal basis is the Energy Policy and Conversation Act in 1975. Now America has reserves of 350 million barrels of oil. Next there is the National Defense stock pile which supports the defense industry in the production of military equipment which was carried out in 1939. So, America now has various strategic metals such as Titanium and Cobalt to maintain the supply chain for military equipment. There is also a strategic helium reserve to ensure the supply of helium for medical, research and military needs through the helium act in 1925 and the helium privatization act in 1996. America also has a strategic grain reserve. The aim is to maintain food security in conditions of emergency or global scarcity which began in 1938 through the Agricultural Adjustment Act. There are also vaccines and medical stockpile. The goal is to support public health in a pandemic or biological attack. The basis of the bill is the public health security and bioterrorism prepared act which contains vaccines, ABT and medicines. Well, not just America. But China and other countries also have various strategic reserves. And in 2024 there will be a Bitcoin strategic reserve in America through the Bitcoin act 2024. Here it is. This is the Bitcoin reserve Bill. Bitcoin act 2024 or officially known as boosting innovation Technology and competitiveness through optimized investment Nation Act of 2024. This is a bill proposed in the United States by Senator Cynthia Lummis. So, this law aims to establish a strategic Bitcoin reserve which is managed by the American Department of Finance. The goal is to strengthen America's financial position and national security. Friends who want to read the draft law, I will put the link in the description column. So what I noted are five main components of the Bitcoin act 2024. The first is the formation of strategic Bitcoin reserves. This bill instructs the Treasury Department to establish a secure Bitcoin storage system throughout the United States. Second, there is a Bitcoin purchasing program. The Treasury is required to purchase up to 1 million Bitcoins over a 5 year period with a maximum limit of 200,000 Bitcoins per year. Well, the Bitcoins purchased must be kept for at least 20 years and can only be used for certain purposes. For example, paying off the federal debt. The third is about program funding. So to fund Bitcoin purchases without burdening taxpayers, this law proposes reducing the amount of surplus American dollars held by the Federal Reserve bank. Later we will discuss again about How Americans buy Bitcoin in the next chapter. Now fourth, about transparency and accountability. And this law requires the Ministry of Finance to implement a proof of reserve system that carries out cryptographic audits and is published to the public periodically. The fifth concerns state participation. Well, states are allowed to voluntarily hold their Bitcoin holdings in the Bitcoin strategic reserve via separate accounts while retaining full ownership rights to their assets. So if this law passes, America will be the first super power country to adopt Bitcoin. And as I said in the last video, game theory is on. If America adopts Bitcoin, then other countries will also adopt Bitcoin. And Bitcoin 1 million USD is not a figment. In the Bitcoin study journal on November 18 2024, I created a simulation if microstrategy and the American government bought Bitcoin simultaneously. So, the simulation results show that the price of Bitcoin could reach 15 million USD within 5 years. Moreover, there is halving and fomo in the market. But once again, this is just a simulation, guys. Even Michael Sailor's bear case in 2045, Bitcoin reaches 3 million USD. With Bitcoin prices now around 90-100,000 it looks cheap right? In Bitcoin, we only need patient capital. In the end it will grow exponentially compared to other assets. Well, if you know, Justin Sun doesn't want to sell his Bitcoin because after he sells Bitcoin, he's confused about what to buy besides Bitcoin. Anyway, America is not the first country to implement a Bitcoin strategic reserve. El Salvador is the first country to implement Bitcoin strategic reserve by doing dollar cost averaging. Buy one Bitcoin per day. Not only has it implemented a Bitcoin strategic reserve, but El Salvador has also made Bitcoin legal tender. This means that Bitcoin can be spent and can be used to pay taxes. Meanwhile, there are at least 14 other countries in the world that are in the process of Bitcoin strategic reserve. So, this is a list of countries that are also having discussions regarding the Bitcoin strategic reserve. The first of the Central African Republic to have adopted Bitcoin as its official currency. Making it the second country in the world after El Salvador to take similar steps. Then in Switzerland just approved a proposal to discuss the Bitcoin strategic reserve. In Bhutan, this small country in South Asia is reported to have a significant amount of Bitcoin as part of its strategic reserve through Bitcoin mining. In Poland, presidential candidate Slawomir Mentzen promised to use Bitcoin as a strategic reserve if elected president. In Suriname, presidential candidate Maya Parpu promised to use Bitcoin as national currency and dissolve the existing financial system if elected president. Well, Maya Parbu is said to be inspired by El Salvador. In Hong Kong, several legislators such as Who Chee Chuang and Johnny Ng also voiced support for including Bitcoin in Hong Kong's fiscal reserves. In Russia, Anton Chakev , a member of the Russian State Duma from the New People party, proposed establishing a Bitcoin strategic reserve. The aim is to reduce the impact of economic sanctions and inflation, as well as take advantage of Bitcoin's decentralized nature which does not depend on the authority of any country. Even Putin said Bitcoin cannot be banned. In the United Arab Emirates, according to CZ, the UAE has Bitcoin strategic reserves worth 40 billion USD. Although this info has not been confirmed. In Germany, Christian Liner, former German Finance Minister and leader of the free democratic party, encouraged the European Central Bank and the Bundes bank to include Bitcoin in their treasuries. Member of parliament in Germany Joana Qatar also said there would be fomo at government level if the American government bought Bitcoin. In Brazil, lawmaker Eros Byondini proposed a Bitcoin Sovereign Reserve bill , abbreviated as resbit. The total funds that will be allocated in this bill are around 18.6 billion USD or the same as 5% of Brazil's foreign exchange reserves. In Syria, the Syrian economic research center proposed legalizing Bitcoin for trading, mining and financial transactions in the country. Also proposed digitizing its currency with Bitcoin as its backup. In Ukraine, although there is no talk about a Bitcoin strategic reserve, Ukraine is one of the countries that holds large amounts of Bitcoin through donations. Well, apart from the state level, several states in America also have Bitcoin strategic reserve plans. For example in Texas, in December 2024 representative Giovanni Caprigione introduced a bill called the Texas strategic Bitcoin reserve act. And Texas is committed to being the first state to implement a strategic Bitcoin reserve. In Ohio, Ohio Republican House Leader Derek Marin introduced the Ohio Bitcoin Reserve Act , which would allow the state to purchase Bitcoin as part of an investment strategy to fight inflation and diversify the state's financial portfolio. In Pennsylvania, the Pennsylvania House of Representatives proposed a bill that would allow the state to allocate up to 10% of its treasuries or about 7 billion USD to purchase Bitcoin. In Florida, the state is drafting legislation that would allow the creation of Bitcoin reserves as part of the state's financial strategy. Apart from these states, at least 13 states in America are working on legislation to establish a Bitcoin strategic reserve. Meanwhile in Vancouver Canada, the city council has approved a motion to explore the integration of Bitcoin into the city's financial system. Bitcoin strategic reserve is also not only used by countries. But it is also used for companies, foundations and institutions. Well, in a corporate context it is better known as Bitcoin treasury strategy. And in total there are dozens of companies throughout the world that convert their cash into Bitcoin. Including microstrategy, digital marathon, and metaplanet. And there is an interesting pattern after they adopted the Bitcoin treasury strategy. Shares in the company rose sharply. For example, metaplanet jumped more than 2,100% after adopting Bitcoin. There will even be an index or ETF that tracks Bitcoin standard corporations. ETF that buys and indexes companies that have a Bitcoin treasury strategy such as micro strategy, marathon digital, simler scientific, riot, Hut 8, and many more. So, investors can buy a basket of shares of companies that have a Bitcoin treasury strategy. The requirement to enter this ETF is that the company must hold a minimum of 1,000 Bitcoin. There will also be a Bitcoin Bond ETF that actively manages convertible bonds that have exposure to Bitcoin. For example, convertible Bond microstrategy, digital marathon, and metaplanet. Well, this ETF is published by strive. An asset Manager created by vivec. Who will also lead DOGE. Department of government Efficiency with Elon Musk. So, we can't just stay silent. Because there is quite a massive movement at the world level. Then the question is, why is Bitcoin used as a strategic reserve, not gold or altcoins? Well, gold is difficult to move, especially in very large amounts. There are security risks along the way. Of course, security and transportation costs are very, very expensive. Moreover, it is a strategic state asset. Bitcoin is easy to move at low cost and also faster. Gold is difficult to store. Need special facilities with extra tight security 24 hours non-stop. What is certain is that the costs are not cheap either. The longer gold is stored, the bigger the bill for security and facilities. Bitcoin is easy to store, has zero cost to store, and can be secured with a multisig system for example. The amount of gold is unlimited. For example, two giant gold deposits were recently discovered. The first in China to discover gold deposits worth 83 billion USD. The second was in El Salvador which discovered gold deposits of 3 trillion USD. This means that if this gold is excavated there will be an increase in the supply of gold and reduce its scarcity. The number of Bitcoins is fixed at 21 million Bitcoins. Nothing more and nothing less. In fact, the number may even be far below that because many Bitcoins are lost due to the owner forgetting the seed phrase, dying, and so on. Gold can be excavated more quickly and efficiently using increasingly advanced technology. As a result, the gold supply increases more quickly and unpredictably. While Bitcoin can't. Even though there are more sophisticated chip equipment for mining, there are things called difficulty adjustment and halving. So, what about altcoins? Altcoins are not Stores of value. Before altcoins were published, there was already something called preminting. And distributed to the team, founders, inner circle, and investors. Meanwhile Bitcoin was released with an organic fair launch system. Altcoin is a web-based business 3 that has two products. Protocol and coin governance. Meanwhile Bitcoin has no business on it and is pure peer to peer decentralized cash. Altcoins have founders and CEOs. And they are all normal, want to get rich from the results of their creations. Satoshi Nakamoto, the founder of Bitcoin, dumped 1 million Bitcoins and spread them across 20,000 wallets. The private keys of these 20,000 wallets are believed to have been lost. That's why only Bitcoin is a strategic reserve. Meanwhile, gold has problems such as security, storage costs and unpredictable supply. Bitcoin comes as gold 2.0, is easy to move, has zero cost when stored, and is limited in quantity. While altcoins may offer innovation but are not a Store of value. Altcoin is a business with corporate interests with the addition of DAO. Meanwhile, Bitcoin stands as a pure system with no founder, no CEO, and no personal financial motives. Bitcoin is the manifestation of the Cypherpunk Revolution 55 years ago. Well, the big question now. Where does America's money come from ? America will buy up to 1 million Bitcoins over the next 5 years. Where does America's money come from? Well, it turns out that America has reserves in the form of gold certificates in the Federal Reserve. A total of 11 billion USD valued at $42.22 per Troy ounce. Well, now the price of gold per Troy ounce has reached 2,600 USD. This means there is an increase of 60 times. So, the American government will ask the FED to revalue its gold certificates and ask the FED to print new currency based on the current value. Well, it's similar to this. For example, we have property. 10 years ago we had a mortgage with a house value of only 200 million. Now we want to refinance again to the bank but the value of our house has already reached 1 billion. We ask the bank to reappraise our house so we can get additional money from the bank. So, the extra money is for buying Bitcoin. More or less similar like that. And this is workable, right? So it's not selling gold as the media says, it's a hoax. America only asked the FED to re-appraise the gold certificates that had previously been pledged to the FED. That's why, so that it's not easy to get caught in hoax news, friends, you have to have a place to study. So, when learning Bitcoin, we provide updated information through journals. We have a private group. We also have hundreds of modules about Advance strategies in Bitcoin which we discussed earlier. In fact, the method we just said has been used by members studying Bitcoin for a long time with their Bitcoins. So, what next? 1 million dollar Bitcoin is not a figment. The money that comes in is corporate money and government money. Moreover, it is used as a strategic reserve. It's not difficult to make Bitcoin into 1 million USD. Our task now is It's time to run the government ahead. Unfortunately there is no Bitcoin strategic reserve proposal in our country. Even though we have a lot of resources to be able to get Bitcoin without burdening the APBN , as I wrote in automatically the pillars of the country and its economy will become stronger. It's not just backed up with debt. But if our country doesn't have a Bitcoin strategic reserve, we can create a Bitcoin strategic reserve for ourselves. Because Bitcoin is leverage over the stability of the country. Bitcoin is leveraged over corporate treasuries. That's why companies that adopt Bitcoin are welcomed by the market, which is represented by rising share prices. But Bitcoin is also leverage over ourselves, keeping our Network from inflation. Because Bitcoin is a pristin asset. Store of value that is far better than any asset. Even better than gold and property. And remember, at the State level there is only a Bitcoin strategic reserve. There is no altcoin strategic reserve.