The Philippine government is proposing a Strategic Bitcoin Reserve, which would require the central bank to acquire 10,000 BTC over five years with a 20-year holding period. This initiative, introduced by Congressman Miguel Luis Villafuerte through House Bill 421, aims to enhance the country's financial resilience by mandating yearly purchases of 2,000 BTC, with the ability to sell only to offset government debt after two decades. Advocates of the bill argue that it reflects the importance of Bitcoin for national interests and economic stability, comparing it to other countries that have established similar reserves. However, concerns remain regarding potential volatility, the use of taxpayer money, and financial literacy issues among the public. The proposal, viewed as a significant legislative move, seeks to address governance and transparency, making the holdings auditable to the public. It may also influence local corporations to incorporate Bitcoin into their financing strategies, though some experts express skepticism about the bill's passage.

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