🚨 Brazil Proposes Strategic Bitcoin Reserve Bill
Brazil’s Congress is considering a bill that would establish a national strategic Bitcoin reserve, aiming to diversify the country’s international assets and protect against macro volatility. The proposal seeks acquisition of up to 1 million $BTC over five years and would assign custody to federal institutions like the Central Bank and Treasury.
This bill reflects a broader global trend of countries exploring Bitcoin as a sovereign strategic asset — but it faces debate:
• Supporters argue $BTC can hedge inflation and strengthen reserves
• Opponents (including the Central Bank) raise concerns about volatility and current reserve management frameworks
If passed, this could position Brazil as one of the first major economies to back $BTC at a sovereign level.