Brazil is considering allocating up to 5% of its 370 billion dollars in international reserves to Bitcoin, which would make it the first G20 country to do so.
Bill PL 4501/2024, currently under review in the Brazilian Chamber of Parliament, seeks to establish a Sovereign Strategic Reserve in Bitcoin (RESBit), allowing the Central Bank and the Ministry of Finance to allocate up to 18.5 billion dollars in BTC.
This movement could redefine the management of digital assets globally, setting a precedent for other economies seeking to integrate cryptocurrencies into their national reserves.
The discussion in Brazil about allocating part of its international reserves to Bitcoin marks a milestone in the integration of digital assets within state management.
Although the proposal is still under legislative evaluation, it constitutes an indicator of the growing legitimacy that cryptocurrencies are gaining in the institutional sphere.
This measure, if implemented, could encourage other countries to explore similar paths, but it is essential to consider that there are still numerous regulatory and acceptance challenges in the global environment.