Brazil Eyes Bitcoin as National Reserve: Lawmakers Set to Debate Groundbreaking Bill

Brazil's Congress is gearing up for a high-stakes crypto showdown—one that could put Bitcoin on the national balance sheet. Here's why it matters.

The Sovereign HODL Play

Politicians aren't just moonboys anymore. The proposed bill would require Brazil's central bank to hold BTC alongside traditional reserves—a first for any major economy. No more pretending gold is the only inflation hedge.

Why Now?

With the real cratering 12% YTD and dollar reserves bleeding dry, lawmakers are scrambling for alternatives. Because clearly, trusting the IMF has worked out so well for emerging markets.

The Fine Print

The bill mandates gradual BTC accumulation via mining rewards and OTC purchases—no reckless market pumping. Volatility? They're betting El Salvador's 60% gains since 2021 adoption outweigh the dips.

The Bottom Line

This isn't just about diversification—it's a middle finger to dollar hegemony. And if it passes? Watch every other developing nation suddenly discover their inner crypto maximalist.