🚨🚨 IS BRAZIL PREPARING TO EMBRACE BITCOIN? 🚨🚨
A strategic reserve as a bill🔥🔥🔥🔥
Currently, Brazil's sovereign reserves stand at nearly $355 billion, made up primarily of assets backed by traditional currencies like the US dollar. With the RESBit project, the country could allocate up to 5% of its international reserves to Bitcoin, via progressive purchases as explained in the bill.
Why Bitcoin? According to the text, the digital asset would offer protection against inflation and fluctuations in traditional currencies, while diversifying reserves.
Furthermore, the project provides that this reserve could serve as collateral for Real Digital, the future digital currency of the Brazilian Central Bank.
Inspiration: The Salvadoran model🚀🚀
It is no coincidence that the bill explicitly cites El Salvador, the first country in the world to have adopted Bitcoin as legal tender in 2021. By accumulating nearly 6,000 BTC (estimated value of $542 million), the Salvador demonstrated that digital assets can play a strategic role in the diversification of an economy.
The Brazilian project is part of this continuity, but with a broader ambition. While El Salvador has sought to boost financial inclusion and attract foreign investors, Brazil views Bitcoin as insurance against global risks, while maintaining its regional leadership in crypto.
🔥🔥A contagious Bitcoin fever on the American continent🔥🔥
If this project is adopted, Brazil would become the second country in the world, after El Salvador, to integrate Bitcoin into its national economic strategy.
Furthermore, the RESBit project is not limited to a simple diversification of Brazilian reserves. It is part of a broader geopolitical dynamic, where the members of BRICS (Brazil, Russia, India, China and South Africa) are redoubling their efforts to emancipate themselves from the domination of the American dollar in the international financial system.
