Swedish opposition lawmakers filed a parliamentary complaint on October 2, urging the government to explore the National Bitcoin (BTC) reserve.
The proposal is surrounded as diversification along with Croner and Gold, some sown with seized codes. Additionally, it holds explicit skepticism regarding central bank digital currency (CBDC).
On the same day, Senator Nick Begich renewed the “Strategic Bitcoin Reserve” push, referring to the Bitcoin Act, which was reintroduced in March, and proposed a five-year path to gaining up to 1 million BTC using a “budget neutral” mechanism.
Taken together, clustered signals indicate that two advanced economic politicians are testing sovereign BTC exposure within the same news cycle.
When words change into actions
The US Federal Purchase Program, which is the size of 1 million btc, equals about 4.76% of Bitcoin’s fixed supply of 21 million, at around $120,000 per BTC.
Even when the pilot tranche is small, it mechanically withdraws the liquid supply, increases rarity and tightens floats that are available to private buyers.
Salvador’s on-chain reserve, currently just above 6,260 BTC, accounts for only about 0.03% of total supply. But its visibility has made the idea of ownership of the sovereign BTC a real possibility for policymakers.
The Swedish allegations did not specify a target size, but the logic reflects other proposals, including the Czech Central Bank governor’s proposal to allocate up to 5% of the FX reserve to Bitcoin. The move by the Czech Central Bank will pour around 63,000 BTC at a price of around 7 billion euros, or $120,000, equivalent to 0.3% of the total supply.
Cross-Geo, political signals rhyme despite the legal mechanisms. The Swedish move, if taken up by the government through Riksdag, could be introduced to the Ministry of Finance and the central bank for feasibility along with the existing gold and foreign exchange frameworks.
In the US, Congress can legislate purchasing and governance while taking advantage of a March executive order establishing federal Bitcoin reserves and digital assets stockpiling.
The Bitcoin Act points to funding through the Fed remittance and balance sheet reassessment tools to avoid direct budgeting. New Hampshire has also approved up to 5% of state funds invested in precious metals and large digital assets, so it is also important to sentiment.
Overseas, Pakistan has established a national reserve as part of a broader mining and data centre programme. Neither of these are the same as the G7 central bank buying BTC entirely, but together they map vectors rather than anecdotes.
Potential steps and consequences
The policy steps to actually move macro relationships are simple and powerful.
First, there is the legal authority to purchase and hold Bitcoin as a reserve asset, with a clear obligation for custody, audit and reporting. Supply absorption becomes predictable when top priority sovereignty becomes available to purchase programmatically rather than opportunistically.
The second is the funding rules that automate bidding throughout the cycle, whether it is the US budget neutral mechanism or the European rules readjustment rules.
The third is disclosure cadence similar to FX reserve data. Suppose the market can be pinned to a scheduled sovereign print. In that case, the sensitivity of BTC to actual yields could be reduced, as “policy demand” replaces the demand for “risk appetite” as in the way that gold purchases in the official sector attenuated gold beta to margin rates.
Finally, reserve control guidelines that allow loans, swaps, or strategic liquidity provisions draw Bitcoin into public finance plumbing and expand the set of price-sensitive balance sheets in bids.
As a result, the demand for reliable sovereignty tends to weaken the historical inverse correlation between BTC and actual yields in the accumulation window, and depends on program size and transparency.
Sizing table ideas gives you a perspective. The US proposal would be 4.76% of supply.
Meanwhile, El Salvador’s disclosed possession exceeded 6,260 BTC. The Czech Governor’s experiment occupy 0.3% of the supply.
The US federal government controls a significant amount of BTC from confiscation, according to tally shared by White House Crypto Czar David Sacks. The amount is converted to almost 1% of the supply.
As a result, formalizing some of it as strategic reserves is not a “new” demand, but changing missions can change global patterns.
Given the fixed supply of Bitcoin and global signals, the reserve competition between the US and Europe is a plausible result. The test is whether Congress and Congress translate Congress points into disclosures that can be modelled by the purchasing agency, funding rules, and markets.
If so, re-registration isn’t just Bitcoin’s value because the government is buying it. This concerns a new class of structurally price-sensitive actors that refactor how Bitcoin trades against real yields, Forex and risky assets.
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