Brazil considers establishing a Bitcoin reserve fund worth $18.6 billion

An extremely positive signal for the cryptocurrency market has just come from #Brazil , as the country is considering a historic proposal: to allocate up to 5% of its foreign reserves, equivalent to $18.6 billion, to purchase Bitcoin. The first congressional hearing on this matter is scheduled for August 20, 2025.

An ambitious strategic vision

Representative Eros Biondini, who is leading the proposal, stated that the goal of this initiative is to diversify the national reserves and strengthen Brazil's economic position on the international stage. If approved, Brazil could become one of the largest Bitcoin-holding countries in the world, surpassing even #ElSalvador .

This event shows serious interest from the highest leadership levels in Brazil. The hearing will feature representatives from many key agencies such as the Central Bank, the Ministry of Finance, and major financial institutions, along with businesses in the crypto sector.

Additionally, another bill is being proposed to exempt long-term crypto investors from taxes. These moves indicate that Brazil is gradually opening up and integrating cryptocurrency into its macroeconomic financial policies, creating a favorable environment for the development of the crypto industry in this South American country.