The Mayor of Panama City, Mayer Mizrahi, sparked widespread controversy after a cryptic post on platform X in which he stated "Bitcoin Reserve". This followed his meeting with two senior Bitcoin policy advisors from El Salvador, Max Keiser and Stacey Herbert. The timing of the post came just before his appearance at the Bitcoin 2025 conference in Las Vegas, increasing speculation about the city's intention to establish a strategic reserve of Bitcoin.
Key points:
Panama City may soon accept cryptocurrencies like Bitcoin, Ethereum, Tether, and USDC as means of payment after building the appropriate infrastructure.
Implementing the Bitcoin reserve plan requires the approval of the Panamanian National Assembly.
The project is inspired by El Salvador's experience, which holds over 6,100 BTC.
The American company Strategy and the Japanese company Metaplanet have significantly increased their investments in Bitcoin.
Institutional interest in Bitcoin is rising, as public companies' holdings of BTC increased by 16.1% in the first quarter of 2025.
Panama City is seriously considering the establishment of a Bitcoin reserve, reflecting an increasing regional trend to adopt digital currencies as strategic assets, especially with technical and legislative support from the experiences of countries like El Salvador and the United States.
CoinMarketCap
