More and more companies accumulate bitcoins, but also more and more countries. The latest comes from Central Asia.
In short
- The Kyrgyz Parliament validates the creation of a Bitcoins Strategic Reserve.
- A public entity will be responsible for undermining bitcoins thanks to the surpluses of hydraulic energy.
- Explosion of turnover of Kirghize cryptocurrency platforms in 2025.
Bitcoin in the heart of Asia
After Kazakhstan, it is the turn of its neighbor Kyrgyz to announce the creation of a Bitcoins Strategic Reserve.
The country has been experiencing a colossal increase in volumes On its 13 cryptocurrency platforms. The reason is that Russia uses them to get around the sanctions … As such, certain platforms were sanctioned by the United States and the United Kingdom a few weeks ago.
These sanctions are added to those taken against banks earlier this year. They pushed Prime Minister Sadyr Zhaparov to ask President Trump and the British Prime Minister of “Do not politicize the economy”.
An economy that is doing well since the turnover of the cryptocurrency platforms has exceeded 11 billion dollars During the first seven months of the year. It is 200 times more than in 2022…
The Minister of Economy and Trade, Bakyt Sydykov, revealed this Tuesday during a parliamentary meeting that the law “on virtual assets” would soon be amended. The objective is in particular to supervise the creation of a public entity which will be responsible for undermining bitcoins.
The potential is enormous since the World Bank estimates that only 10 % of the country's hydroelectric potential is operated. What to create a “Bitcoins National Reserve” According to the Minister.
Kyrgyzstan ahead of France
However, some Kyrgyz parliamentarians have worried that the deployment of a large industry could cause problems. MP Dastan Bekeshev pointed out that “Mining a single bitcoin requires approximately 800,000 kilowatt hours. It is enough energy to supply 1,200 apartments for a month. Winter is approaching, is it worth taking this risk? »»
The Minister wanted to reassure by specifying that the Bitcoin industry would not be fueled by the country's large hydroelectric power plants. He explained that production would mainly come from small facilities, with 15 new projects under construction which will be added to the 17 already operational.
We can only lament in the face of the absence of such discussions in France. And that, despite intense lobbying for years, especially from the French minor Bigblock.
The balance of the electricity network by demand is essential to accommodate the puzzle of intermittent energies. EDF should undermine bitcoins rather than damaging nuclear power plants to adapt to the intermittent wind power.
Bitcoin minors have that very practical that they offer a real -time load shedding solution to network operators. This symbiosis between bitcoin and energy minors already exists in Texas and there is no reason that we cannot do the same in Europe.
Bitcoin, the new international reserve currency
Other countries in the region are closely interested in Bitcoin. This is the case of Russia and, quite recently, of neighboring Kazakhstan. President Tokayev has just active the creation of a Bitcoin strategic reserve.
On Monday, the Tokayev press service said that the president of Kazakhstan wishes the creation of a state fund dedicated to digital assets in order to constitute a strategic reserve of cryptocurrencies, resulting from the most promising assets of the new digital financial system.
We feel that the United States is about to take action. No country wants to be at the trailer of the movement. From Taiwan to Japan via South Korea, Asia is preparing.
The United States already controls 35 % of the world Bitcoin industry, against approximately 17 % for Russia and 15 % for China. Even the sons of the American president are doing it. Eric and Donald Trump Jr. have just launched the Minor American Bitcoin.
In short, everyone expects Washington to make his reserve currency bitcoin. Except in Europe, where we imagine that the euro can replace the dollar as an international reserve currency …
The signals are green. THE ETF Bitcoin continue to growas well as the number of companies making Bitcoin their principal treasury actors. On-chain data also show that large fish are still in the accumulation phase, which is auspicious.
The ball is in the camp of Senator Cynthia Lummis and her bill “Bitcoin Act” aimed at accumulating a million bitcoins.
While waiting for this long -awaited outcome, do not miss this article: Bitcoin: The institutional rush is in full swing.
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