{"id":72367,"date":"2026-02-14T03:01:33","date_gmt":"2026-02-14T03:01:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=72367"},"modified":"2026-02-14T03:01:33","modified_gmt":"2026-02-14T03:01:33","slug":"brazil-revives-strategic-bitcoin-reserve-plan-targeting-purchase-of-up-to-1-million-btc","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=72367","title":{"rendered":"Brazil Revives Strategic Bitcoin Reserve Plan Targeting Purchase Of Up To 1 Million BTC"},"content":{"rendered":"
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Even as Bitcoin (BTC) struggles with weak price performance and heightened volatility over the past month, Brazil\u2019s House of Representatives is signaling a markedly different long\u2011term outlook. Lawmakers are once again exploring the creation of a national Bitcoin reserve that could eventually hold as many as 1 million BTC.<\/p>\n

Brazil\u2019s Bitcoin Reserve Proposal<\/h2>\n

The renewed push comes through Bill No. 4,501<\/a> of 2024, which lays out the framework for establishing what would be called the Sovereign Strategic Reserve of Bitcoins, or RESBit.\u00a0<\/p>\n

The proposal seeks to formally integrate Bitcoin into Brazil\u2019s broader financial strategy, positioning the cryptocurrency as a component of the country\u2019s national reserves. The initiative is associated with Federal Deputy Luiz Gast\u00e3o, while the bill itself is authored by Federal Deputy Eros Biondini.<\/p>\n

Lawmakers argue that holding BTC could help shield Brazil\u2019s international reserves from currency volatility and geopolitical risks. In addition, the reserve would support the development and credibility of Brazil\u2019s central bank digital currency<\/a> (CBDC), the Digital Real\u2014also known as Drex\u2014by providing an additional layer of backing.<\/p>\n

The proposal sets a clear limit on the scale of the initiative. RESBit would be capped at up to 5% of Brazil\u2019s international reserves, and any purchases would be carried out gradually under a structured acquisition plan.\u00a0<\/p>\n

The bill emphasizes that the program must adhere strictly to the country\u2019s Fiscal Responsibility Law, ensuring that Bitcoin purchases do not jeopardize public accounts or fiscal stability.<\/p>\n

Broader Blockchain Strategy<\/h2>\n

The Bitcoin bill also proposes the formation of a specialized advisory committee composed of experts in digital economy, blockchain technology<\/a>, and cybersecurity. It also allows for the creation of inter\u2011institutional working groups to coordinate implementation and oversight.<\/p>\n

But beyond reserve management, the proposal outlines broader measures designed to strengthen Brazil\u2019s digital asset ecosystem. The text envisions educational initiatives and workforce training programs focused on blockchain and digital security, including the training of public servants.\u00a0<\/p>\n

It also encourages the development of startups in the crypto and blockchain sectors and calls for investment in robust technological infrastructure to support innovation and secure operations.<\/p>\n

Supporters of the bill argue that the concept draws on international precedents. The author cites examples such as El Salvador, the United States, China, Dubai, and the European Union, where governments have incorporated cryptocurrencies or blockchain technology into public policy<\/a> in varying ways.\u00a0<\/p>\n

According to the proposal\u2019s rationale, integrating digital assets into national strategies can promote financial inclusion, attract investment, strengthen technological capabilities, and offer additional protection against exchange\u2011rate shocks.<\/p>\n

The bill\u2019s backers also point to Brazil\u2019s strong domestic adoption of cryptocurrencies as a foundation for leadership in the region. They contend that a strategic Bitcoin reserve could position the country at the forefront of digital finance in Latin America.\u00a0<\/p>\n

\"Bitcoin\"<\/p>\n

As of this writing, BTC has surged to the upper limit of its consolidation range, reaching $69,000. It has registered gains of 5% within the last 24 hours.\u00a0<\/p>\n

Featured image from OpenArt, chart from TradingView.com<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Even as Bitcoin (BTC) struggles with weak price performance and heightened volatility over the past month, Brazil\u2019s House of Representatives is signaling a markedly different long\u2011term outlook. Lawmakers are once again exploring the creation of a national Bitcoin reserve that could eventually hold as many as 1 million BTC. Brazil\u2019s Bitcoin Reserve Proposal The renewed […]<\/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-72367","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\/72367","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=72367"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/72367\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=72367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=72367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=72367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}