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A state's foreign exchange is a form of asset recorded at a central bank, used for international payments or imports and exports. It typically takes the form of foreign currency from leading countries, gold, securities, and Bitcoin. We also often encounter the term "state foreign exchange reserves," which can be defined as assets prepared by a country (central bank) to pay foreign obligations. Several countries have begun adopting Bitcoin as a state's foreign exchange, including the United States, El Salvador, Bhutan, Bulgaria, and Brazil, and Indonesia is still under discussion.
We also observe the strengthening of the legal status of crypto, although it benefits governments more than retail investors. Generally, presentations and discussions about Bitcoin as a state's foreign exchange reserve still rely heavily on projections of Bitcoin's future or long-term value, such as Michael Saylor's prediction (MicroStrategy) that the price of Bitcoin will reach over $10 million per BTC in 2045. Feel free to share your thoughts.
We also observe the strengthening of the legal status of crypto, although it benefits governments more than retail investors. Generally, presentations and discussions about Bitcoin as a state's foreign exchange reserve still rely heavily on projections of Bitcoin's future or long-term value, such as Michael Saylor's prediction (MicroStrategy) that the price of Bitcoin will reach over $10 million per BTC in 2045. Feel free to share your thoughts.