Brazil’s Congress Floats Plan to Build $BTC Mega Reserve
In a groundbreaking development, a new bill introduced in the National Congress of Brazil proposes that the country acquire up to 1 million Bitcoin (BTC). If approved, the move could position Brazil among the first major economies to build a large-scale national Bitcoin reserve.
A Bold Financial Strategy:
Supporters argue that holding Bitcoin could diversify Brazil’s reserves and act as a hedge against inflation and global currency instability. The proposal reportedly suggests a gradual accumulation strategy to minimize market disruption while strengthening the country’s long-term financial positioning.
Market Impact and Debate:
Such a large purchase would likely have global implications, tightening Bitcoin supply and signaling strong sovereign confidence in digital assets. However, critics warn about volatility risks and the responsibility of allocating public funds into crypto.
Regardless of the outcome, the bill highlights a shifting narrative: Bitcoin is increasingly being discussed not just as an investment, but as a potential strategic national asset.
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