Brazil is making a major move into the #bitcoin scene ๐ง๐ท๐ฅ.
They're set to have their first hearing on August 20th for their strategic $BTC reserve, following in the footsteps of El Salvador.
So, the question is: Are you still underestimating the potential of Bitcoin?
This is a big deal, as Brazil's move could further legitimize Bitcoin as a strategic asset.
The proposed reserve, known as RESBit, aims to hold up to 5% of Brazil's international reserves in Bitcoin, which could help diversify their assets and boost economic resilience.
