Bitcoin News Today: Philippines Proposes 10000 Bitcoin National Reserve Strategy

The Philippines is advancing a groundbreaking proposal to establish a national Bitcoin reserve as part of its broader economic strategy. Congressman Miguel Luis Villafuerte introduced the Strategic Bitcoin Reserve Act, which would require the Bangko Sentral ng Pilipinas (BSP) to acquire 2,000 BTC annually for five years, building a 10,000 BTC reserve over time. The initiative is framed as a means to hedge against global economic instability and reduce the country’s dependence on traditional foreign reserves [1].

The bill mandates that the purchased Bitcoin be stored in cold wallets for a minimum of 20 years, with the exception of cases where the assets may be sold to service national debt. This long-term holding strategy is designed to treat Bitcoin as a strategic reserve asset, akin to gold, while ensuring transparency through quarterly reports on holdings, transactions, and custody [2]. The central bank would also be responsible for managing the reserve with measures to prevent misuse and build public trust [3].

The move aligns the Philippines with a growing global trend of nations exploring digital assets as part of their sovereign wealth strategies. Countries such as El Salvador and Bhutan have already taken steps to integrate Bitcoin into their national financial frameworks. Villafuerte argues that such an approach allows the Philippines to remain competitive in a rapidly evolving digital economy while mitigating risks from inflation and geopolitical uncertainties [4].

With a national debt of $285 billion—equivalent to 60% of GDP—the Philippines seeks to diversify its asset base by incorporating a high-growth digital asset that is not subject to the same volatility as traditional markets over the long term. The proposed reserve, valued at over $1.1 billion at current prices, represents one of the most ambitious cryptocurrency-related legislative initiatives in Southeast Asia [5].

While supporters highlight the strategic and economic advantages of the plan, critics remain cautious about the risks associated with a volatile asset. The debate underscores the broader global conversation about the role of Bitcoin in national financial policy and whether it can serve as a reliable long-term reserve without exposing countries to market fluctuations [6].

The proposed legislation reflects a shift in institutional and governmental perspectives toward Bitcoin, moving beyond speculative investment to treating it as a non-tradable, strategic asset. If passed, the bill would mark a significant step forward for the Philippines in shaping the future of digital finance in Asia [7].

Source:

[1] title1: Philippines Congressman Proposes BTC Reserve to Attack National Debt

url1: https://www.coindesk.com/policy/2025/08/25/philippine-congressman-proposes-bitcoin-reserve-to-attack-national-debt

[2] title2: Philippine Lawmaker Proposes Central Bank Bitcoin Reserve

url2: https://cryptodnes.bg/en/philippine-lawmaker-proposes-central-bank-bitcoin-reserve/

[3] title3: Philippine Lawmaker Proposes Central Bank Bitcoin Reserve

[4] title4: Philippines Proposes Bold 10000 Bitcoin National Reserve

url4: https://bravenewcoin.com/insights/philippines-proposes-bold-10000-bitcoin-national-reserve-strategy

[5] title5: Bitcoin News Today: Philippines Proposes 20-Year Strategic Bitcoin Reserve

url5: https://www.ainvest.com/news/bitcoin-news-today-philippines-proposes-20-year-strategic-bitcoin-reserve-hedge-national-debt-2508/

[6] title6: Philippines Proposes Bold 10000 Bitcoin National Reserve

[7] title7: Philippine Lawmaker Proposes Central Bank Bitcoin Reserve