Brazilian lawmaker proposes $18 billion Bitcoin reserve initiative. Brazilian lawmaker Eros Biondini introduced legislation proposing the creation of a Bitcoin (BTC) Sovereign Strategic Reserve (RESBit) with an allocation of up to $18.6 billion — equivalent to 5% of Brazil’s international reserves as of September. According to the bill, the RESBit will diversify Brazil’s Treasury assets, protect international reserves against exchange fluctuations and geopolitical risks, and act as backing for the country’s central bank digital currency (CBDC), the Drex. #BecomeCreator #bitcoin☀️