2431: Another Nation Just Entered The Bitcoin Race - 10,000 BTC Is On The Table

**Justin Verrengia** (0:00)
The biggest Bitcoin buyers on earth are becoming countries, and nations don't compete for Bitcoin because they want a better trade. They compete for power and a monetary system being rewritten in real time. Right now, there's nearly 200 nations and only 21 million Bitcoin. And once those nations start competing for an asset, none of them can print, the bidding war begins. Check it out. Another nation just decided zero Bitcoin is no longer an option. The Philippines just introduced a bill to build a strategic Bitcoin reserve and acquire 10,000 Bitcoin. That's not a prediction. It's not speculation. The bill is already on the table. And this is how the Bitcoin arms race accelerates. Not when every nation agrees Bitcoin is valuable, but when one nation realizes another nation might buy Bitcoin first. Because as more governments compete for Bitcoin, there's a problem none of them can solve. They can print more pesos. They can print more dollars, issue more debt. Of course, they can create more fiat currency, but they cannot create one extra Bitcoin. It's 21 million forever, Laura. And more than 20 million have already been mined, meaning there's less than a million yet to be mined between now and the year 2140 So when another nation steps forward and proposes a 10,000 Bitcoin reserve, every government watching has to ask the same uncomfortable question. What happens if we wait while everyone else starts buying? And that question gets a lot more serious when the United States is already discussing a plan of its own, one million Bitcoin acquired over five years and held for at least 20 years. Think about what that means. The most powerful government on earth accumulating nearly 5% of every Bitcoin that will ever exist and then deliberately removing that supply from the market for two decades. That's not simply adoption. That's nation state game theory. Because if America begins building towards a million Bitcoin reserve, what does China do? Or Russia? Or Japan? What does every country sitting on trillions in fiat reserves and government debt do? Do they just sit back and wait and hope there's still enough Bitcoin available later? That strategy works when the asset can respond to demand. Bitcoin can't. 21 million is the hard limit. No matter how many nations come looking for it. And this is where Bitcoin's fixed supply collides head on with nation state competition. The Philippines doesn't need to acquire 1 million Bitcoin. Neither does the next country or the one after that. They simply need to just start taking Bitcoin off the board. 10,000 here, 50,000 here, 100,000 somewhere else. America potentially building towards 1 million, while existing holders refuse to sell. Lost Bitcoin never comes back. CZ recently stated he believes up to 20% of the Bitcoin in the network is lost and stagnated forever. And miners can only produce what the protocol allows. That is how Bitcoin repricing gets violent. Not because somebody draws another parabolic line on the chart, because eventually the number of buyers willing to acquire Bitcoin collides with the number of sellers willing to give it up. And price becomes the release valve. That's the catalyst Bitcoiners have been talking about for years. Nation state game theory, one country moves, another responds. Then another realizes waiting could become more expensive than acting. And then suddenly, Bitcoin isn't competing for retail buyers anymore. Nations are competing against one another for the same absolutely scarce Bitcoin. The Philippines just put a 10,000 Bitcoin reserve bill on the table. America is proposing 1 million. And if sovereign game theory really starts accelerating from here, Bitcoin doesn't need permission to go parabolic. It just needs nations to start trying to outbid each other. Now we got some good comments on this thread. David wrote, America isn't getting 1 million Bitcoin. The government is too corrupt. It will definitely not be able to sit on coins because they'll need it to actually acquire materials to build new infrastructure, train skilled workers. People will wake up and only accept stats for their labor. I responded, yes, I agree. The US government is corrupt and nefarious. So I'm skeptical they'll ever follow through and acquire 1 million Bitcoin directly. However, they already control 330,000 Bitcoin will inevitably acquire more through confiscation Strategy has 840,000 Bitcoin. Black Rocks ETF holds 800,000 Bitcoin. What if those institutions ultimately function as the de facto proxies for the US Bitcoin power? Add it all up, you're already approaching 2 million Bitcoin. And then he responded, but JV, what if? It's a big if. I'm definitely curious how it unfolds. And I wrote the what if isn't really the point. The US is already a major Bitcoin holder and that position will likely grow, whether it's through an official reserve, continued confiscations, or institutions aligned with US interests, the game theory has already arrived. And that again, is just one nation under God. This is where the game theory becomes real, because the Philippines isn't the only country thinking about Bitcoin reserves. The question is how quickly one nation's move forces another nation to respond. And once the domino effect starts accelerating, 21 million Bitcoin has to satisfy a lot of buyers. So let's look at who's moving and how quickly this race is expanding. Quoting the Philippines here, Bitcoin has outpaced all other asset classes with a compound annual growth of about 40%.