Brazilian government officials: Establishing a Bitcoin national reserve is "crucial" for national prosperity.

2025-03-29 00:21:25

Brazil’s Vice President Chief of Staff Pedro Giocondo Guerra stated during a congressional event that establishing a “strategic sovereign Bitcoin reserve” will play a decisive role in the country’s prosperity, calling it an important issue “related to the public interest.” He compared Bitcoin to the “gold of the internet,” emphasizing its value as a global wealth transfer and storage tool. Previously, a member of Brazil’s Liberal Party proposed a new bill suggesting that the government allocate up to 5% of its forex reserves to Bitcoin. (Decrypt)

BTC-2.21%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.