[Exclusive] Rep. Villafuerte: Bitcoin Reserve Could Help Philippines Manage Sovereign Debt, Even Without Selling a Single Bitcoin
The Congressman argued that a Strategic Bitcoin Reserve could help the Philippines manage its debt.
The Congressman argued that a Strategic Bitcoin Reserve could help the Philippines manage its debt.
Industry leaders, legal experts, and the crypto community offered mixed reactions to the proposed Philippine Strategic Bitcoin Reserve, weighing bold potential against major risks.
Bitcoin price declines to $86,394 as investors react negatively to Trump’s Digital Assets Summit, which provided few specifics on the new U.S. Bitcoin Reserve.
The U.S. government will not actively acquire new assets for this stockpile beyond what is seized.
Investors questioned the inclusion of XRP, SOL, and ADA in the reserve, leading to a broad selloff that erased most of Sunday’s gains.
The sharp reversal follows Sundayโs rally fueled by President Trumpโs announcement of a U.S. crypto reserve, but much of those gains have since evaporated.
Traders underestimated how quickly Trumpโs crypto-friendly policies could move markets.
XRP, SOL, and ADA surged in response, with ADA jumping over 72% in the past 24 hours.
Speculation persists on whether the strategic stockpile would focus solely on bitcoin, as previous rumors suggested, or include U.S.-founded tokens like SOL, XRP, and USDC in an “America-first” reserve.
The cryptocurrency market saw a wave of volatility following President Donald Trumpโs inauguration speech, which made no mention of bitcoin or crypto policy.