CoinVoice has learned that a Brazilian congressman has officially proposed the establishment of a national strategic Bitcoin reserve - the Bitcoin Sovereign Strategic Reserve. This plan, known as the 'Bitcoin Sovereign Strategic Reserve' (Reserva Estratégica Soberana de Bitcoins, abbreviated as RESBit), aims to diversify the national treasury. According to the Brazilian media platform Portal do Bitcoin, Congressman Eros Biondini submitted this proposal on Monday.
It has been recently reported that as the price of Bitcoin approaches $100,000, the demand and price for Bitcoin exchange-traded fund (ETF) shares on the Brazilian stock exchange have surged. The first cryptocurrency ETF launched on B3, Hashdex, has reached a historical high, with a net asset value close to $689 million. [Original link]
