Eros Biondini Proposes Strategic Bitcoin Reserve for Brazil
The latest development is that Brazilian House of Representatives member Eros Biondini has proposed a bold legislative proposal aimed at establishing a Bitcoin strategic reserve. The plan would allocate up to 5% of the country’s international reserves to purchase Bitcoin and diversify the country’s assets. The congressman sees the “Bitcoin Strategic Sovereign Reserve” as a way to hedge against currency fluctuations and geopolitical risks. If Congress ultimately passes the bill, the country could purchase up to $3 billion worth of Bitcoin. The move signals a forward-looking approach to integrating digital assets into sovereign reserve strategies.
