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Central Bank of Brazil Dismisses Strategic Bitcoin Reserve Implementation
Central Bank of Brazil Dismisses Strategic Bitcoin Reserve Implementation
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Brazil's monetary authority just gave Bitcoin the cold shoulder—hard.
No Gold 2.0 Here
The Central Bank of Brazil slammed the door shut on adding Bitcoin to national reserves. No hedging against inflation. No diversification play. Just a flat-out rejection of crypto's store-of-value narrative.
Traditional Finance Digs In
While El Salvador went all-in and MicroStrategy hoards like digital dragons, Brazil's old guard stands firm. They're sticking with dollars, gold, and bonds—assets that don't crash 20% before lunch.
Another reminder that when central banks talk 'innovation,' they usually mean faster payment rails—not actually sharing monetary power.
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