Brazil is weighing a bold move: creating a $19 billion strategic Bitcoin reserve—dubbed RESBit—through a new bill (4501/24). The idea, presented in a recent public hearing with lawmakers, economists, and crypto experts, is to diversify the country’s financial reserves and modernize how the treasury manages assets. If passed, the Central Bank and Ministry of Finance would oversee the fund, issuing reports twice a year on its performance and risks. The initiative echoes similar steps taken by El Salvador, while aligning with growing interest in digital assets across major economies like the U.S. and China
Brazil moves forward, Bitcoin likely rallies hard, global adoption pressures increase, and debates over financial sovereignty vs. fiscal risk intensify.