Pedro Guerra, the chief of staff to Vice-President Geraldo Alckmin, has reiterated his intention to include Bitcoin in Brazil's sovereign reserves. He believes that Brazil cannot afford to overlook the robust monetary network of Bitcoin. Guerra initially proposed this idea during a speech at the inauguration of the parliamentary 'Competitive Brazil Front.' He emphasized the importance of studying Bitcoin seriously, similar to fiscal frameworks and tax reforms. Guerra's advocacy aligns with a bill introduced by Congressman Eros Biondini in 2024, aiming to authorize the Central Bank of Brazil to accumulate Bitcoin alongside gold and foreign currency. Despite facing some skepticism, Guerra remains optimistic about the benefits of integrating Bitcoin into Brazil's reserve portfolio. He plans to discuss this proposal with Vice-President Alckmin and other cabinet members, while also exploring optimal position sizing strategies for Brazil's reserves. Read more AI-generated news on: https://app.chaingpt.org/news

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