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🚨 Brazil could buy Bitcoin with State reserves

Brazil has just moved an unexpected piece on the global chessboard.

Deputy Eros Biondini presented Bill 4501/2024, which proposes to create a Sovereign Strategic Reserve of Bitcoin (RESBit).

📌 What does this mean?

If approved, the Central Bank could allocate up to 5% of international reserves to BTC.

💰 This amounts to a possible purchase of between USD 15.6 and 18.2 billion in Bitcoin.

🔥 Why does it matter?

Brazil is not looking to “copy El Salvador.”

It wants to position itself as the new institutional crypto hub of LATAM, attracting liquidity, investment, and regional leadership.

⚠️ Key risks

High volatility in the sovereign balance

Institutional custody still under debate

Tax and regulatory changes under discussion

👀 The market is watching

If Brazil moves forward, the domino effect in South America could be huge.

Bitcoin is no longer just an asset… it could become a national reserve.
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