Bitcoin as National Wealth? Philippine Lawmakers Push 10K BTC Reserve Plan

Philippine lawmakers have suggested a new plan to buy and hold 10,000 Bitcoins as part of the country’s national BTC reserve. This move could make the Philippines one of the most crypto-friendly nations. On August 23, 2025, House Committee on Information and Communications Technology chairperson Migz Villafuerte has introduced House Bill 421, which would allow the Bangko Sentral ng Pilipinas (BSP) to start buying Bitcoin.

“It is imperative for the 20th Congress to write new legislation aimed at diversifying our assets,” he explained

Bitcoin as National Wealth

The plan aims to acquire up to 2,000 bitcoins each year over a five-year period, creating a reserve of 10,000 bitcoins in total. According to the bill, these holdings would be kept in trust for at least 20 years and could not be sold, traded, or otherwise used except for one specific purpose, retiring the country’s outstanding government debt. Villafuerte emphasized that this initiative would strengthen the nation’s financial position by diversifying its monetary assets. He also noted that the reserve could enhance the peso’s stability and convertibility during times of economic uncertainty or financial crisis.

Why is this happening?
Every year, Filipinos send home over $35 billion in remittances. But high fees and slow transfers reduce the money families actually receive. Against this backdrop,The lawmaker has proposed a new law for Bitcoin as National Wealth. His idea is to treat Bitcoin not as a risky bet but as a long-term safety asset.

The Plan:

• Buy 10,000 Bitcoins over the next five years.
• Purchase through legal, regulated platforms to prevent illegal activity.
• Store the Bitcoin safely in offline wallets for at least 20 years.
• Use it only to help pay off the country’s debt in the future, reducing the chance of political misuse.

At today’s price of $115,000 per Bitcoin, this would cost about $1.15 billion, funded by foreign reserves or government bonds.

The lawmaker says this could protect the country against inflation and peso weakness. Inflation is currently around 4%, and national debt is about 60% of GDP. He points to El Salvador, which made Bitcoin legal tender and saw an increase in tourism and tech investment.

The Reactions:
Not everyone agrees. The finance minister warns that Bitcoin is volatile and hard to turn into cash when needed. Critics also worry that this money could be better spent on education, healthcare, or infrastructure. But the idea is popular among tech-savvy youth, who see it as a step toward digital independence. They believe it could even create a “Bitcoin bloc” in Asia, attract more tourists, and prepare the economy for future global shocks.

If this plan works, it could inspire other countries and even push big economies like the U.S. or EU to rethink their strategies. Investors are watching closely. If one country buys 10,000 Bitcoins, others may follow, potentially pushing prices beyond $150,000.

The Big Picture:
The lawmaker also has bigger dreams, using the Philippines’ geothermal energy for Bitcoin mining. This could make the country not just a Bitcoin holder, but a producer of digital wealth. Whether this law passes or not, the conversation has started. The Philippines could become one of the first nations to adopt Bitcoin as part of its official wealth—a move that might change how countries think about money in the future.

 BTC Reserve Plan, A Nation’s Bold Bet on the Future 

The Philippines’ proposal comes at a time when several governments are exploring ways to include Bitcoin in their financial systems. Villafuerte cited Switzerland as an example, where officials have discussed adding Bitcoin to national reserves alongside gold. Poland is reportedly considering similar measures, and in Hong Kong, legislator Wu Jiezhuang has suggested integrating Bitcoin into the city’s reserves. Villafuerte also claimed that China has already accumulated a substantial amount of Bitcoin, while Malaysia is revising crypto regulations to strengthen its financial framework.

“It is vital for the Philippines to stockpile strategic assets such as BTC to serve important national interests,” he emphasized.

The Bangko Sentral ng Pilipinas (BSP) first acknowledged virtual currencies back in 2014. At the time, it warned that digital assets like Bitcoin were unregulated and highly volatile, cautioning the public about the absence of consumer protections.

If the proposed bill becomes law, the Philippines could surpass El Salvador in terms of Bitcoin reserves and come close to Bhutan’s holdings. El Salvador currently owns 6,276 BTC,valued at around $700 million, according to data from its Bitcoin Office.

It’s something bigger, Is your country ready for a future where tomorrow’s reserves might just be in Bitcoin? Share this if you’re intrigued because the Philippines’ move might be the catalyst that shifts the global financial story forever.

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