France Is Considering a Bitcoin Reserve. Here's Why That's Extremely Bullish.

When a country changes which assets it holds in reserve on its central bank's balance sheet, markets notice, and with good reason. Similarly, when a major economy even flirts with the idea of treating a scarce asset such as Bitcoin (CRYPTO: BTC) like it's on the same level as actual bars of gold, investors should perk up, especially if they hold some of the asset in question.Today, France is considering just such a move. A proposal before the National Assembly would establish a national Bitcoin reserve, retain coins obtained via seizures, and even explore publicly supported mining, all with a goal of acquiring roughly 2% of all Bitcoin during the eight years after the proposal's expected adoption. If any recognizable version of it passes, supply of Bitcoin would tighten in a hurry, and the policy signal could ripple far beyond Paris, so let's explore why this is such a bullish development in a bit more detail.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool