The Philippines is taking a bold step towards becoming a major player in the global bitcoin landscape, with its central bank planning to purchase 10,000 bitcoin over five years. The bill proposes annual purchases of 2,000 BTC and long-term trust holding for a period of twenty years. The program aims to bolster financial stability and reduce public debt. Congressman Migz Villafuerte, who introduced the proposal, highlights the strategic value of bitcoin as an asset due to its limited supply and consistent price growth. The bill’s approval could place the Philippines among the world’s largest sovereign bitcoin holders, exceeding existing leaders like El Salvador and China.