Ambitious. But unlikely to pass AND come to fruition.
coinfeeds-bot on
tldr; Brazil’s Chamber of Deputies is considering a bill to create a sovereign strategic bitcoin reserve, aiming to accumulate 1 million BTC over five years. The proposal includes measures like banning the sale of seized bitcoin, allowing tax payments in BTC, encouraging state-owned mining, and implementing custody controls. The bill is still in the procedural stage and requires congressional approval, implementation rules, and budget execution. If passed, it could influence global markets and local cryptocurrency adoption.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
That being said if they do it’s full on game theory. Everyone with half a brain knows fiat is designed to fail. The first country to print theirs to buy Bitcoin will be the leader of the digital world.
6M66 on
They need $60B if they buy all at 60k. It’s not that much for a country big as Brazil, it’s doable
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Ambitious. But unlikely to pass AND come to fruition.
tldr; Brazil’s Chamber of Deputies is considering a bill to create a sovereign strategic bitcoin reserve, aiming to accumulate 1 million BTC over five years. The proposal includes measures like banning the sale of seized bitcoin, allowing tax payments in BTC, encouraging state-owned mining, and implementing custody controls. The bill is still in the procedural stage and requires congressional approval, implementation rules, and budget execution. If passed, it could influence global markets and local cryptocurrency adoption.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
If Brazil actually executes, [$BTC](https://aimytrade.io/ticker/BTC?utm_source=reddit&utm_medium=comment&utm_campaign=CryptoCurrency&utm_term=BTC&utm_content=variant_1771047128629_vft48) flips from speculative asset to sovereign reserve strategy—that’s the regime shift nobody’s pricing in yet.
I don’t think this will happen.
That being said if they do it’s full on game theory. Everyone with half a brain knows fiat is designed to fail. The first country to print theirs to buy Bitcoin will be the leader of the digital world.
They need $60B if they buy all at 60k. It’s not that much for a country big as Brazil, it’s doable