What happened?
Central Asian countries are increasingly adopting Bitcoin as part of their national strategies. Kyrgyzstan’s parliament has approved a framework to create a state entity that will mine BTC using excess hydro power, and Kazakhstan has also announced a state funded digital asset reserve. Furthermore, turnover on Kyrgyzstan’s 13 crypto platforms exceeded $11 billion in the first seven months of 2025, a drastic increase from 2022.
Who does this affect?
This growing trend affects not only the people and governments of Central Asia, but also the global market. Countries like Russia, Japan, South Korea, and Taiwan are exploring similar avenues. Moreover, with the US holding 35% of the global hash power, proposed legislation like the “Bitcoin Act” could significantly accelerate this process of accumulation.
Why does this matter?
It’s increasingly believed that this steady accumulation of Bitcoin could eventually position it as a credible global reserve asset. Expansion of exchange-traded funds (ETFs), adoption by corporations as a treasury hedge, and data showing long-term holders adding to their positions support this outlook. This shift would represent a significant turning point for Bitcoin, moving it beyond speculative asset status to become a recognized reserve currency.