- Reports of the Netherlands establishing a strategic Bitcoin reserve were based on misleading social media posts.
- No current Dutch legislation authorizes a government bitcoin reserve.
- The proposal originated from Thierry Baudet, an opposition speaker with limited representation in parliament.
- Similar false claims about government bitcoin reserves have circulated recently, including ones involving the United States and El salvador.
- The actual bitcoin reserves held by governments largely result from seized assets, not official purchases or stockpiling.
Bitcoin investors responded on social media this morning to claims that Dutch lawmakers were preparing to create a government-backed strategic bitcoin reserve. The excitement revolved around video footage and posts suggesting that the Netherlands had moved ahead with official plans to store bitcoin as part of national reserves.
Shortly after these messages gained attention, several social media users and fact checkers clarified that no such law had been passed. A viral post on X (formerly Twitter) received a community note stating, “They are not. It is just a proposal,” and other users emphasized that the individual in the video did not represent the entire Dutch legislature.
Further investigation found that the video cited by many was outdated, involving Thierry Baudet of the Forum for Democracy. This party holds only three out of 150 seats in the Dutch House of Representatives. According to multiple users, “This is an old video. And everyone voted against it.” As a result, the news was confirmed to be untrue—there is no existing strategic bitcoin reserve authorized or established by the Dutch government.
This episode follows a broader trend of incorrect reports about national bitcoin reserves. In August 2024, similar claims went viral regarding the U.S., U.K., and Germany purchasing bitcoin, but these were also proven false. In the United States, former President Donald Trump issued an order for a bitcoin-only reserve and an altcoin stockpile, but no large-scale purchases were documented. The government’s actual bitcoin holdings come from previously held amounts and assets seized through legal proceedings, rather than strategic investments or accumulation.
Other nations, such as El Salvador, have also faced scrutiny over claims of government bitcoin purchases, with little evidence of significant acquisitions. Independent audits or official data supporting these national reserves remain unavailable.
For more details, reference anchor texts in the article, such as news of the Dutch proposal and debunking threads, as well as other viral posts and community notes for ongoing updates.
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