Brazil is Considering Creating a Strategic Bitcoin Reserve and Buying One Million Coins.. Will the Price Rise?
The Brazilian Congress has reintroduced Bill No. 4501 of 2024, which proposes purchasing up to one million Bitcoin to establish a national strategic cryptocurrency reserve.
The bill significantly expands on the previous proposal, stating that the
#عاجل.. RESbit( Strategic Bitcoin Sovereign Reserve Fund will be responsible for accumulating the coins over five years, according to Cryptopolitan.
Initially, the bill suggested allocating up to 5% of Brazil's foreign exchange reserves to di