Brazil's Bold Move: $18 Billion Bitcoin Reserve Initiative to Transform Economy

Brazil's Bold Move - $18 Billion Bitcoin Reserve Initiative to Transform Economy.jpeg

In a groundbreaking proposal, Brazil is considering the establishment of a Bitcoin Sovereign Strategic Reserve (RESBit) that could allocate up to $18.6 billion from its international reserves. This initiative aims to integrate Bitcoin into the national treasury, positioning Brazil as a leader in cryptocurrency adoption among major economies.

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