<p>C&aacute;c ng&acirc;n h&agrave;ng trung &#432;&#417;ng &#273;&atilde; mua r&ograve;ng 53 t&#7845;n v&agrave;ng v&agrave;o th&aacute;ng 10/2025, t&#259;ng 36% so v&#7899;i th&aacute;ng tr&#432;&#7899;c &#273;&oacute;, &#273;&#432;a t&#7893;ng s&#7889; h&agrave;ng th&aacute;ng l&ecirc;n m&#7913;c cao nh&#7845;t trong n&#259;m.</p>
<p>Vi&#7879;c t&iacute;ch l&#361;y v&agrave;ng m&#7841;nh m&#7869; n&agrave;y ph&#7843;n &aacute;nh lo ng&#7841;i ng&agrave;y c&agrave;ng t&#259;ng v&#7873; s&#7921; b&#7845;t &#7893;n kinh t&#7871; v&#297; m&ocirc; v&agrave; chuy&#7875;n h&#432;&#7899;ng chi&#7871;n l&#432;&#7907;c kh&#7887;i c&aacute;c t&agrave;i s&#7843;n truy&#7873;n th&#7889;ng &#273;&#7883;nh gi&aacute; b&#7857;ng &#273;&#7891;ng &#273;&ocirc; la.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-record-gold-purchases-signal-strategic-shift">Mua v&agrave;ng k&#7927; l&#7909;c b&aacute;o hi&#7879;u s&#7921; thay &#273;&#7893;i chi&#7871;n l&#432;&#7907;c</h2>

<p>Theo d&#7919; li&#7879;u t&#7915; <a href="https://www.gold.org/goldhub/gold-focus/2025/12/central-bank-gold-statistics-central-banks-ramp-gold-buying-october" target="_blank" rel="noopener">H&#7897;i &#273;&#7891;ng V&agrave;ng Th&#7871; gi&#7899;i</a>, c&aacute;c ng&acirc;n h&agrave;ng trung &#432;&#417;ng &#273;&atilde; mua r&ograve;ng 53 t&#7845;n v&agrave;ng ch&#7881; trong th&aacute;ng 10 &ndash; &#273;&acirc;y l&agrave; m&#7913;c nhu c&#7847;u h&agrave;ng th&aacute;ng cao nh&#7845;t trong n&#259;m, d&#7851;n &#273;&#7847;u b&#7903;i Ba Lan, Brazil v&agrave; c&aacute;c n&#7873;n kinh t&#7871; th&#7883; tr&#432;&#7901;ng m&#7899;i n&#7893;i.</p>
<p>C&aacute;c ng&acirc;n h&agrave;ng trung &#432;&#417;ng &#273;&atilde; mua 254 t&#7845;n t&iacute;nh &#273;&#7871;n th&aacute;ng 10, bi&#7871;n 2025 tr&#7903; th&agrave;nh n&#259;m th&#7913; t&#432; c&oacute; t&iacute;ch l&#361;y v&agrave;ng cao nh&#7845;t trong th&#7871; k&#7927; n&agrave;y. Xu h&#432;&#7899;ng n&agrave;y nh&#7845;n m&#7841;nh m&#7889;i lo ng&#7841;i v&#7873; s&#7921; &#7893;n &#273;&#7883;nh kinh t&#7871; v&agrave; <a href="https://beincrypto.com/next-stop-the-omnichain-future/" target="_blank" rel="noopener">&#273;a d&#7841;ng h&oacute;a ti&#7873;n t&#7879;</a>.</p>
<p>Ng&acirc;n h&agrave;ng Qu&#7889;c gia Ba Lan d&#7851;n &#273;&#7847;u ho&#7841;t &#273;&#7897;ng n&agrave;y, mua <a href="https://www.gold.org/goldhub/gold-focus/2025/12/central-bank-gold-statistics-central-banks-ramp-gold-buying-october" target="_blank" rel="noopener">16 t&#7845;n trong th&aacute;ng 10</a>. &#272;i&#7873;u n&agrave;y n&acirc;ng d&#7921; tr&#7919; c&#7911;a Ba Lan l&ecirc;n k&#7927; l&#7909;c 531 t&#7845;n, chi&#7871;m kho&#7843;ng 26% t&#7893;ng d&#7921; tr&#7919; ngo&#7841;i h&#7889;i c&#7911;a n&#432;&#7899;c n&agrave;y. Brazil c&#361;ng mua 16 t&#7845;n, trong khi Uzbekistan th&ecirc;m 9 t&#7845;n v&agrave; Indonesia mua th&ecirc;m 4 t&#7845;n. Th&#7893; Nh&#297; K&#7923;, C&#7897;ng h&ograve;a S&eacute;c, v&agrave; C&#7897;ng h&ograve;a Kyrgyzstan m&#7903; r&#7897;ng t&#7915; 2 &#273;&#7871;n 3 t&#7845;n m&#7895;i n&#432;&#7899;c. Trong khi &#273;&oacute;, Ghana, Trung Qu&#7889;c, Kazakhstan, v&agrave; Philippines t&#259;ng d&#7921; tr&#7919;, Nga gi&#7843;m d&#7921; tr&#7919; &#273;i 3 t&#7845;n c&ograve;n 2,327 t&#7845;n.</p>
<p>95% c&aacute;c ng&acirc;n h&agrave;ng trung &#432;&#417;ng &#273;&#432;&#7907;c kh&#7843;o s&aacute;t d&#7921; ki&#7871;n d&#7921; tr&#7919; s&#7869; t&#259;ng v&agrave;o n&#259;m t&#7899;i. Serbia c&oacute; k&#7871; ho&#7841;ch g&#7847;n nh&#432; g&#7845;p &#273;&ocirc;i d&#7921; tr&#7919; v&agrave;ng l&ecirc;n th&agrave;nh 100 t&#7845;n v&agrave;o n&#259;m 2030, trong khi Madagascar v&agrave; H&agrave;n Qu&#7889;c &#273;ang xem x&eacute;t m&#7903; r&#7897;ng t&#432;&#417;ng t&#7921;. Nhu c&#7847;u duy tr&igrave; m&#7863;c d&ugrave; gi&aacute; v&agrave;ng cao, nh&#7845;n m&#7841;nh t&#7847;m quan tr&#7885;ng chi&#7871;n l&#432;&#7907;c c&#7911;a v&agrave;ng trong th&#7901;i k&#7923; b&#7845;t &#7893;n.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-united-states-establishes-bitcoin-as-national-reserve-asset">M&#7929; thi&#7871;t l&#7853;p Bitcoin l&agrave;m t&agrave;i s&#7843;n d&#7921; tr&#7919; qu&#7889;c gia</h2>

<p>Xu h&#432;&#7899;ng n&agrave;y hi&#7879;n &#273;ang lan sang c&aacute;c t&agrave;i s&#7843;n k&#7929; thu&#7853;t s&#7889;. Khi c&aacute;c t&#7893; ch&#7913;c c&ocirc;ng quy&#7873;n &#273;a d&#7841;ng h&oacute;a d&#7921; tr&#7919;, Bitcoin &#273;ang ng&agrave;y c&agrave;ng &#273;&#432;&#7907;c th&#7843;o lu&#7853;n nh&#432; m&#7897;t b&#7893; sung ti&#7873;m n&#259;ng cho v&agrave;ng.</p>
<p>T&#7841;i Hoa K&#7923;, Th&#432;&#7907;ng ngh&#7883; s&#297; Cynthia Lummis tuy&ecirc;n b&#7889; r&#7857;ng <a href="https://vn.beincrypto.com/lummis-bitcoin-reserve-funding-ready/" target="_blank" rel="noreferrer noopener">kinh ph&iacute; cho D&#7921; tr&#7919; Bitcoin Chi&#7871;n l&#432;&#7907;c</a> &ldquo;c&oacute; th&#7875; b&#7855;t &#273;&#7847;u b&#7845;t c&#7913; l&uacute;c n&agrave;o&rdquo;, tr&iacute;ch d&#7851;n <a href="https://www.whitehouse.gov/presidential-actions/2025/03/establishment-of-the-strategic-bitcoin-reserve-and-united-states-digital-asset-stockpile/" target="_blank" rel="noreferrer noopener">s&#7855;c l&#7879;nh c&#7911;a T&#7893;ng th&#7889;ng Trump</a> ch&#7881; &#273;&#7883;nh Bitcoin l&agrave; t&agrave;i s&#7843;n d&#7921; tr&#7919; qu&#7889;c gia. B&#7897; T&agrave;i ch&iacute;nh hi&#7879;n &#273;ang qu&#7843;n l&yacute; kho&#7843;ng 200,000 BTC &ndash; tr&#7883; gi&aacute; kho&#7843;ng 17 t&#7927; USD &ndash; theo m&#7897;t khung ng&acirc;n s&aacute;ch trung l&#7853;p s&#7917; d&#7909;ng c&aacute;c t&agrave;i s&#7843;n b&#7883; t&#7883;ch thu.</p>
<p>D&#7921; lu&#7853;t ph&acirc;n b&#7893; t&agrave;i ch&iacute;nh n&#259;m 2026 c&#7911;a H&#7841; vi&#7879;n y&ecirc;u c&#7847;u B&#7897; T&agrave;i ch&iacute;nh ph&#7843;i ti&#7871;n h&agrave;nh m&#7897;t nghi&ecirc;n c&#7913;u trong 90 ng&agrave;y v&#7873; vi&#7879;c gi&aacute;m s&aacute;t, ti&ecirc;u chu&#7849;n v&agrave; AI cho vi&#7879;c th&#7921;c thi l&#7879;nh tr&#7915;ng ph&#7841;t. D&#7921; lu&#7853;t n&agrave;y c&#361;ng c&#7845;m s&#7917; d&#7909;ng qu&#7929; cho ti&#7873;n t&#7879; k&#7929; thu&#7853;t s&#7889; c&#7911;a ng&acirc;n h&agrave;ng trung &#432;&#417;ng. Kh&ocirc;ng c&oacute; y&ecirc;u c&#7847;u mua th&ecirc;m Bitcoin ngo&agrave;i c&aacute;c t&agrave;i s&#7843;n b&#7883; t&#7883;ch thu, khi&#7871;n t&#259;ng tr&#432;&#7903;ng d&#7921; tr&#7919; trong t&#432;&#417;ng lai v&#7851;n &#273;&#7875; m&#7903;.</p>
<p>M&ocirc; h&igrave;nh kinh t&#7871; c&#7911;a VanEck d&#7921; b&aacute;o r&#7857;ng vi&#7879;c mua m&#7897;t tri&#7879;u Bitcoin v&agrave;o n&#259;m 2029 c&oacute; th&#7875; b&ugrave; &#273;&#7855;p kho&#7843;ng 18% n&#7907; qu&#7889;c gia c&#7911;a Hoa K&#7923; v&agrave;o n&#259;m 2049. C&aacute;c nh&agrave; ph&acirc;n t&iacute;ch t&#7915; CoinShares &#273;&#7873; xu&#7845;t r&#7857;ng d&#7921; tr&#7919; c&oacute; th&#7875; c&#7911;ng c&#7889; vai tr&ograve; l&atilde;nh &#273;&#7841;o c&ocirc;ng ngh&#7879; v&agrave; cung c&#7845;p b&#7843;o v&#7879; ch&#7889;ng l&#7841;m ph&aacute;t. Tuy nhi&ecirc;n, c&aacute;c nh&agrave; kinh t&#7871; t&#7915; Chainalysis c&#7843;nh b&aacute;o r&#7857;ng vi&#7879;c t&iacute;ch l&#361;y &#273;&#7891;ng th&#7901;i c&#7911;a nhi&#7873;u qu&#7889;c gia c&oacute; th&#7875; &#7843;nh h&#432;&#7903;ng &#273;&#7871;n <a href="https://beincrypto.com/why-is-the-crypto-market-up-today/" target="_blank" rel="noopener">s&#7921; &#7893;n &#273;&#7883;nh th&#7883; tr&#432;&#7901;ng</a>.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-states-and-nations-race-to-build-bitcoin-reserves">C&aacute;c bang v&agrave; qu&#7889;c gia ch&#7841;y &#273;ua x&acirc;y d&#7921;ng d&#7921; tr&#7919; Bitcoin</h2>

<p>Texas &#273;&atilde; c&oacute; h&agrave;nh &#273;&#7897;ng c&#7909; th&#7875;. V&agrave;o ng&agrave;y 20/11, <a href="https://vn.beincrypto.com/texas-buys-bitcoin-via-blackrock/" target="_blank" rel="noreferrer noopener">&#273;&atilde; tr&#7903; th&agrave;nh bang &#273;&#7847;u ti&ecirc;n c&#7911;a M&#7929;</a> mua Bitcoin cho ng&acirc;n kh&#7889;, mua 10 tri&#7879;u USD th&ocirc;ng qua qu&#7929; ETF Bitcoin giao ngay c&#7911;a BlackRock khi gi&aacute; gi&#7843;m xu&#7889;ng c&ograve;n 87,000 USD. &#272;&#7897;ng th&aacute;i n&agrave;y b&aacute;o hi&#7879;u mong mu&#7889;n ng&agrave;y c&agrave;ng t&#259;ng c&#7911;a c&aacute;c ch&iacute;nh ph&#7911; ti&#7875;u bang trong vi&#7879;c coi Bitcoin l&agrave; m&#7897;t t&agrave;i s&#7843;n chi&#7871;n l&#432;&#7907;c.</p>
<p>S&#7921; t&#259;ng tr&#432;&#7903;ng kh&ocirc;ng ch&#7881; gi&#7899;i h&#7841;n t&#7841;i M&#7929;. <a href="https://vn.beincrypto.com/taiwan-bitcoin-strategic-reserves/" target="_blank" rel="noreferrer noopener">Qu&#7889;c h&#7897;i &#272;&agrave;i Loan &#273;&atilde; k&ecirc;u g&#7885;i ch&iacute;nh ph&#7911; ki&#7875;m to&aacute;n</a> c&aacute;c kho&#7843;n d&#7921; tr&#7919; Bitcoin c&#7911;a m&igrave;nh v&agrave; xem x&eacute;t vi&#7879;c th&ecirc;m ti&#7873;n &#273;i&#7879;n t&#7917; v&agrave;o d&#7921; tr&#7919; chi&#7871;n l&#432;&#7907;c, v&#7899;i Th&#7911; t&#432;&#7899;ng Cho Jung-tai h&#7913;a h&#7865;n m&#7897;t b&aacute;o c&aacute;o chi ti&#7871;t v&agrave;o cu&#7889;i n&#259;m. C&aacute;c nh&agrave; l&#7853;p ph&aacute;p b&agrave;y t&#7887; quan ng&#7841;i v&#7873; s&#7921; ph&#7909; thu&#7897;c n&#7863;ng n&#7873; c&#7911;a h&ograve;n &#273;&#7843;o v&agrave;o t&agrave;i s&#7843;n &#273;&#7883;nh gi&aacute; b&#7857;ng &#273;&ocirc; la M&#7929;, chi&#7871;m h&#417;n 90% s&#7889; d&#7921; tr&#7919; ngo&#7841;i h&#7889;i tr&#7883; gi&aacute; 602.94 t&#7927; USD c&#7911;a n&#432;&#7899;c n&agrave;y.</p>
<p>C&aacute;c nh&agrave; ph&acirc;n t&iacute;ch c&#7911;a Deutsche Bank d&#7921; b&aacute;o r&#7857;ng Bitcoin c&oacute; th&#7875; xu&#7845;t hi&#7879;n tr&ecirc;n b&#7843;ng c&acirc;n &#273;&#7889;i k&#7871; to&aacute;n c&#7911;a ng&acirc;n h&agrave;ng trung &#432;&#417;ng v&agrave;o n&#259;m 2030, c&ugrave;ng t&#7891;n t&#7841;i v&#7899;i v&agrave;ng nh&#432; l&agrave; m&#7897;t c&ocirc;ng c&#7909; b&#7843;o v&#7879; b&#7893; sung ch&#7889;ng l&#7841;i l&#7841;m ph&aacute;t v&agrave; r&#7911;i ro &#273;&#7883;a ch&iacute;nh tr&#7883;. Khi c&aacute;c qu&#7889;c gia ch&#7841;y &#273;ua &#273;&#7875; &#273;&#7843;m b&#7843;o c&#7843; t&agrave;i s&#7843;n tr&uacute; &#7849;n an to&agrave;n truy&#7873;n th&#7889;ng v&agrave; k&#7929; thu&#7853;t s&#7889;, b&#7889;i c&#7843;nh d&#7921; tr&#7919; to&agrave;n c&#7847;u c&oacute; th&#7875; &#273;ang tr&ecirc;n b&#7901; chuy&#7875;n h&oacute;a l&#7883;ch s&#7917;.</p>


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