In a recent discussion on X, David Bailey, CEO of Bitcoin Magazine and close advisor to former President Trump, made a bold claim that central banks worldwide are actively buying Bitcoin. This statement has sparked intense debate in both financial and crypto circles. Bailey specifically mentioned lesser-known countries like Bhutan, Venezuela, and Iran as early adopters in the central banking space.

Bailey's claim was corroborated by Mike Alfred, a former tech CEO and founder of a value investment fund, who shared his direct communications with representatives from Bhutan, Burkina Faso, and French Guyana. Alfred confirmed that these countries are indeed involved in Bitcoin adoption. Bhutan, in particular, is expanding its Bitcoin mining operations in collaboration with Bitdeer Technologies Group, aiming to increase its mining capacity to 600 megawatts by 2025.

Bailey also referenced Iran's regulatory strategy regarding Bitcoin, which involves directing mined Bitcoin into state coffers to fund imports and stabilize the national economy. This move showcases a novel way to circumvent economic sanctions. Furthermore, Bailey proposed a scenario where former President Trump could secure a substantial BTC reserve for the US Treasury, employing a timelock mechanism to protect these assets for future generations.

In conclusion, the claims made by David Bailey and corroborated by Mike Alfred suggest that central banks are taking a keen interest in Bitcoin adoption. As more countries join the bandwagon, the potential for Bitcoin to become a reserve asset increases. This development could significantly impact the global financial landscape and solidify Bitcoin's position as a hedge against traditional financial system instabilities.