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š¢ Historic News in Brazil! š§š·š°
Today, August 20, 2025, the National Congress holds the first public hearing on Bill 4501/2024, which proposes the creation of a strategic reserve in Bitcoin.
š The proposal aims to allocate up to 5% of the country's foreign reserves ā about US$ 17 to 18.6 billion ā for the purchase of BTC.
Great, I will detail this historic debate further š
āø»
š What is being discussed?
Bill 4501/2024 proposes that the Central Bank of Brazil may allocate up to 5% of international reserves (currently around US$ 370 billion) in Bitcoin. This means an estimated purchase between US$ 17 and 18.6 billion in BTC.
āø»
š Motivations for the project
1. Diversification of foreign reserves
ā¢ Currently, Brazil's reserves are almost entirely in dollars, euros, and gold.
ā¢ Bitcoin would be an additional form of protection against risks of the traditional financial system.
2. Protection against inflation and global crises
ā¢ Proponents argue that BTC acts as ādigital gold,ā preserving value in times of instability.
3. Strengthening of economic sovereignty
ā¢ Reduces dependence on the dollar.
ā¢ Positions Brazil as a strategic player in the cryptocurrency landscape.
āø»
āļø Arguments in favor
ā¢ Could increase Brazil's prestige as a pioneer among emerging economies.
ā¢ Creation of a strategic advantage over other countries considering the same movement (Argentina, Russia, and some African countries).
ā¢ Potential for BTC appreciation in the long term, generating profit for the country.
āø»
š International impact
ā¢ If approved, Brazil will be the first major G20 country to have an official reserve in BTC.
ā¢ This may pressure other countries to consider the same path.
ā¢ The crypto market may react positively, attracting institutional investors.
#resevade #bitcoin #MercadoCripto #economy #brasilcripto
Today, August 20, 2025, the National Congress holds the first public hearing on Bill 4501/2024, which proposes the creation of a strategic reserve in Bitcoin.
š The proposal aims to allocate up to 5% of the country's foreign reserves ā about US$ 17 to 18.6 billion ā for the purchase of BTC.
Great, I will detail this historic debate further š
āø»
š What is being discussed?
Bill 4501/2024 proposes that the Central Bank of Brazil may allocate up to 5% of international reserves (currently around US$ 370 billion) in Bitcoin. This means an estimated purchase between US$ 17 and 18.6 billion in BTC.
āø»
š Motivations for the project
1. Diversification of foreign reserves
ā¢ Currently, Brazil's reserves are almost entirely in dollars, euros, and gold.
ā¢ Bitcoin would be an additional form of protection against risks of the traditional financial system.
2. Protection against inflation and global crises
ā¢ Proponents argue that BTC acts as ādigital gold,ā preserving value in times of instability.
3. Strengthening of economic sovereignty
ā¢ Reduces dependence on the dollar.
ā¢ Positions Brazil as a strategic player in the cryptocurrency landscape.
āø»
āļø Arguments in favor
ā¢ Could increase Brazil's prestige as a pioneer among emerging economies.
ā¢ Creation of a strategic advantage over other countries considering the same movement (Argentina, Russia, and some African countries).
ā¢ Potential for BTC appreciation in the long term, generating profit for the country.
āø»
š International impact
ā¢ If approved, Brazil will be the first major G20 country to have an official reserve in BTC.
ā¢ This may pressure other countries to consider the same path.
ā¢ The crypto market may react positively, attracting institutional investors.
#resevade #bitcoin #MercadoCripto #economy #brasilcripto
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