The Philippine government is considering a significant step into the world of cryptocurrency by proposing the formation of a strategic reserve of 10,000 Bitcoins (BTC). According to local reports, the proposal includes locking the assets for a period of 20 years, effectively removing them from circulation during that time to ensure long-term economic resilience.

This move, if implemented, would position the Philippines as one of the few countries in the world to officially establish a long-term crypto reserve. Government officials reportedly see this as a safeguard against future economic uncertainty, inflation, and volatility in traditional markets. By locking the BTC, the country not only demonstrates confidence in Bitcoin’s long-term value but also signals to global investors that it is serious about embracing blockchain technology.

The proposed 20-year lock period is especially notable. It reflects a forward-thinking approach rarely seen in current crypto policies. Rather than utilizing the BTC for short-term profit, the Philippines aims to treat it as a digital gold reserve — a hedge against future risks and an asset that could significantly appreciate in value over time.

Analysts and crypto enthusiasts have praised the proposal as visionary. It could potentially boost the nation’s image as a progressive player in the digital economy, attracting fintech investments and fostering innovation in local blockchain ecosystems. Moreover, such a move might inspire other emerging economies to adopt similar strategies.

If this initiative is approved, it could mark a historical moment in cryptocurrency adoption at the national level. With Bitcoin becoming more mainstream and institutionalized globally, the Philippines’ strategic reserve plan could set a precedent for how nations manage and secure their wealth in the digital age.