Panama City Mayor Teases Bitcoin Reserve Plan Following El Salvador’s Lead

Panama City could become the next major jurisdiction to adopt bitcoin as a reserve asset, Mayor Mizrachi hinted today—potentially mirroring El Salvador’s controversial 2021 move.

The cryptic announcement comes as bitcoin tests key resistance levels, with crypto advocates watching for domino effects in Latin American adoption.

"When governments start competing for bitcoiners’ capital, you know we’ve entered a new phase of monetary arbitrage," quipped one hedge fund manager—between sips of a $28 cold brew.

after Mayor Mayer Mizrachi teased the creation of a. His cryptic hint came right after a high-profile meeting with El Salvador’s leading crypto strategists.

A Cryptic Clue Sparks Excitement

Mayor Mizrachi posted the words “Bitcoin Reserve” on X shortly after meeting with El Salvador’s Bitcoin policy leaders, Max Keiser and Stacy Herbert. The post, just 11 days ahead of his scheduled speech at Bitcoin 2025 in Las Vegas, has stirred speculation across the crypto community.

While no official details have been disclosed, the timing and tone hint at major developments—perhaps even Panama City mirroring El Salvador’s national bitcoin reserve, which now holds 6,179 BTC worth nearly $640 million.

Crypto Payments Pave the Way

Panama City is already moving toward crypto adoption. A recently approved measure may soon allow Bitcoin, Ethereum, Tether (USDT), and USDC to be used for public payments—including taxes and municipal fees—pending the implementation of crypto-to-fiat conversion systems.

Although establishing a city-level reserve is possible, a federal-level Bitcoin reserve WOULD require legislation by the National Assembly, which Mizrachi has not yet formally initiated.

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Sustainable Bitcoin Mining & Crypto Education Ahead

As per Max Keiser’s post, they discussed using Panama’s hydroelectric energy for sustainable Bitcoin mining—similar to how El Salvador leverages geothermal power. This could help Panama position itself as a green crypto-mining hub.

In a notable educational initiative, Herbert confirmed that Panama City will adopt El Salvador’s “What is Money?” financial literacy textbook in its online library—marking a deeper collaboration between the two nations.

Conclusion

Mayor Mizrachi appears bullish on the idea of a Bitcoin reserve, but more clarity is expected once he consults with national lawmakers. Withover its Bitcoin policy, Panama may tread cautiously.However, with thejust around the corner and Mizrachi set to speak, the crypto world is watching closely

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FAQs

A new measure may soon allow crypto payments for taxes using BTC, ETH, USDT, and USDC once conversion systems are in place.

Yes, Panama City plans to include El Salvador’s “What is Money?” textbook in its online library for financial literacy.