This morning, bitcoin enthusiasts were thrilled by reports suggesting that Dutch legislators might be planning to establish a strategic bitcoin reserve.
However, the excitement was short-lived as a community note on X clarified the situation.
“This isn’t true. It’s merely a proposal,” someone pointed out, highlighting that the speaker does not represent the official stance of Dutch lawmakers.
“This is an outdated video. The proposal was unanimously rejected,” another individual added.
The false news quickly spread across various platforms, capturing widespread attention.
Critics were right to question its authenticity. The speaker in question, Thierry Baudet from Forum for Democracy, holds only three seats out of 150 in the Dutch House of Representatives and doesn’t have authority over such decisions.
No strategic bitcoin reserve has been established in the Netherlands; no legislation has been passed to create one either.
Read more: IMF asserts El Salvador isn’t purchasing bitcoin despite Bukele’s claims
A New Wave of False Bitcoin Reserve News
The recently debunked story garnered massive engagement online and adds to a long list of fabricated tales about governments acquiring BTC — even involving figures like Donald Trump.
Despite earlier promises regarding reserves comprising BTC and other cryptocurrencies like ether and XRP, Trump only authorized separate reserves for BTC and altcoins without actual purchases or audits being made public by his administration or subsequent US government actions.
The so-called reserve comprises small amounts of BTC already held or confiscated through legal channels rather than new acquisitions from market purchases as previously suggested by rumors debunked back in August 2024 concerning alleged buys by countries including Germany & UK alongside similar doubts cast upon El Salvador’s claimed holdings too!