🇧🇷 Brazil Eyes $16B Bitcoin Reserve Historic Hearing Set for August 20
Brazil’s Chamber of Deputies will host a hearing on August 20 to decide whether the country should allocate up to 5% of its foreign reserves (~$16B of $330B) into Bitcoin. The proposed investment aims to protect the nation’s treasury from foreign exchange risks and promote blockchain innovation. Attendees will include officials from the Central Bank, Ministry of Finance, and crypto representatives.
💡 Why It’s Monumental:
If passed, Brazil could become the largest sovereign BTC holder outside the U.S.
It marks a pivotal shift from skepticism to sovereign-level crypto strategy.
Could inspire other countries in Latin America and globally to consider digital asset reserves.
💬 Tell us below: Would you trust Bitcoin as a national hedge asset—or is this too risky a play?