{"id":19511,"date":"2025-03-28T08:01:30","date_gmt":"2025-03-28T08:01:30","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=19511"},"modified":"2025-03-28T08:01:30","modified_gmt":"2025-03-28T08:01:30","slug":"strategic-bitcoin-reserve-proposed-by-brazils-vice-presidential-advisor","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=19511","title":{"rendered":"Strategic Bitcoin Reserve Proposed by Brazil\u2019s Vice Presidential Advisor"},"content":{"rendered":"
\n

Brazil\u2019s Vice President Geraldo Alckmin\u2019s (PSB) chief of staff, Pedro Giocondo Guerra, underscored on Wednesday the importance of establishing a national strategic Bitcoin reserve. Guerra was speaking<\/a> at the swearing-in ceremony of the new president of the FPBC (Parliamentary Front for Competitive Brazil), Deputy J\u00falio Lopes (PP-RJ), while representing the government of President Luiz In\u00e1cio Lula da Silva (PT).<\/p>\n

\u201cRigorously debating the constitution of a sovereign reserve of bitcoin value is in the public interest and will be decisive for our prosperity. After all, Bitcoin is digital gold, the gold of the internet. It\u2019s a technology that allows us to transmit wealth from one end of the planet to the other quickly and store the fruits of our labor efficiently and securely,\u201d Guerra stated.<\/p>\n

Will Brazil Get A Strategic Bitcoin Reserve?<\/h2>\n

His remarks highlighted Bitcoin\u2019s intrinsic appeal\u2014particularly its digital scarcity and deflationary design, in contrast to fiat currencies that can be printed at will. Guerra noted that an official BTC reserve might bolster the country\u2019s resilience and adaptability, especially amid global economic and geopolitical fluctuations.<\/p>\n

Notably, Congressman Eros Biondini (PL-MG) has introduced PL 4501\/2024<\/a>, which would permit the creation of a Sovereign Strategic Reserve of Bitcoins\u2014referred to in the bill as RESBit. According to Biondini, the primary goal is to guard Brazil against currency fluctuations and geopolitical uncertainties by diversifying the government\u2019s international reserves.<\/p>\n

The text proposes a limit of 5% of the country\u2019s international reserves\u2014which totaled $366 billion in December\u2014for Bitcoin acquisitions. Should it pass, Brazil would be authorized to invest as much as $18.3 billion in Bitcoin, based on the reserve\u2019s valuation at the time the bill was drafted.<\/p>\n

Currently under review by Rapporteur Luiz Gast\u00e3o (PSD-CE) in the Lower House\u2019s Economic Development Committee, the bill sets forth guidelines for gradual acquisition and emphasizes robust security measures, using cold wallets and advanced AI- and blockchain-based monitoring.<\/p>\n

The legislation details how the Central Bank and the Ministry of Finance would jointly manage RESBit, ensuring transparency through regular biannual reports to both the public and Congress. In addition, the text addresses the need for educational and innovation programs, including specialized courses on blockchain, crypto-economics, and cybersecurity, as well as incentives like tax benefits for crypto-related startups.<\/p>\n

Related Reading: Trump Endorses Pro-Bitcoin Senator Lummis: \u2018Make US The Crypto Capital\u2019<\/a><\/p>\n

A technical advisory committee composed of experts in blockchain, digital economy, and cybersecurity would also be established to ensure rigorous oversight and to foster collaboration with international regulators and research institutions. The proposal cites global precedents, such as El Salvador\u2019s adoption<\/a> of Bitcoin as legal tender, the United States\u2019 approval of BTC ETFs, China\u2019s investment in blockchain and digital currency efforts, Dubai\u2019s success in developing a blockchain-friendly business environment, and the EU\u2019s regulatory framework for digital assets.<\/p>\n

In its justification section, the bill argues that Brazil is already one of the countries with the highest rate of cryptocurrency adoption<\/a>, yet government policy has not kept pace with the rapid evolution of this market.<\/p>\n

According to the text, \u201cThe creation of RESBit will allow Brazil to diversify its international reserves, reducing exposure to foreign exchange fluctuations and geopolitical risks while increasing economic resilience. This measure will also position Brazil as a regional leader in financial and technological innovation, attracting external investment and strengthening our presence in the digital economy.\u201d<\/p>\n

At press time, BTC traded at $86,205.<\/p>\n

\"Bitcoin<\/div>\n","protected":false},"excerpt":{"rendered":"

Brazil\u2019s Vice President Geraldo Alckmin\u2019s (PSB) chief of staff, Pedro Giocondo Guerra, underscored on Wednesday the importance of establishing a national strategic Bitcoin reserve. Guerra was speaking at the swearing-in ceremony of the new president of the FPBC (Parliamentary Front for Competitive Brazil), Deputy J\u00falio Lopes (PP-RJ), while representing the government of President Luiz In\u00e1cio […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-19511","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19511"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19511\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}