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A Dutch entrepreneur has written a letter to the Government of Netherlands, urging them to establish a National Bitcoin Reserve. According to the open letter addressed to the Minister of France, the government, and the board of De Nederlandsche Bank (DNB), the Ministry of Finance could reallocate a portion of its current gold reserve and buy Bitcoin (BTC) instead.
The entrepreneur in question, Kanstein, argues that BTC has the potential to contribute to economic stability and sovereignty. He refers to it as ‘hard money’ with a limited supply, which provides resistance from political manipulation and is secured by decentralized technology.
Kanstein believes that today’s world, plagued by excessive inflation and rising debt, presents an ideal opportunity for BTC. He argues that BTC offers a perfect viable solution in the face of these economic uncertainties.
The proposal suggests a recognition of Bitcoin’s value on a global scale. For instance, U.S. Federal Reserve Chairman Jerome Powell has declared BTC as the competitor to gold, while BlackRock, the world’s largest asset manager, has projected significant long-term adoption of BTC, citing its potential as a global financial alternative.
According to Kanstein, establishing a BTC reserve would position the Netherlands alongside other European countries actively incorporating digital currencies into their financial systems. This move could ultimately help the country mitigate through future economic uncertainty and provide a solid foundation for its financial future.
In essence, this letter calls on Dutch officials to prioritize the country’s involvement in the digital finance space by creating a BTC reserve.
Source: www.cryptonewsz.com
