The ruling party in India, the Bharatiya Janata Party (BJP), has put forth a proposal to explore the establishment of a national Bitcoin reserve. Pradeep Bhandari, a representative of the BJP, has urged the government to take this initiative seriously, alongside the implementation of forward-thinking regulations for cryptocurrencies. The primary objective of this proposal is to foster innovation within the financial sector and bolster the country's economic resilience in the face of global financial challenges.
In the coming years, owning just 0.1 Bitcoin is expected to embody the new American Dream, eclipsing the traditional value of homeownership in the United States. This perspective is shared by Changpeng Zhao, the founder of Binance, who emphasizes the transformative potential of cryptocurrency in redefining wealth and success in America.
Former President Trump asserts that Bitcoin helps to ease the pressure on the U.S. dollar, calling it "a remarkable advancement for our country."