Philippines Sets Sights on Bitcoin Reserve for Economic Stability

The Philippines is taking a major step towards bolstering its national security by proposing a strategic Bitcoin reserve. Congressman Migz Villafuerte has introduced House Bill 421, which calls for the Bangko Sentral ng Pilipinas (BSP) to acquire 2,000 Bitcoin annually over five years, totaling 10,000 BTC. This reserve will be held securely for 20 years and serve as a long-term safeguard against national debt volatility and economic shocks.