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Brazil’s $19B Bitcoin Reserve Plan—Experts Debate Timing and Risks
Brazil is weighing a proposal that could reshape its financial strategy by allocating 5% of its reserves—roughly $19 billion—into Bitcoin. Known as RESBit, the bill is in early debate in Congress, but it has already sparked major discussion at home and abroad. If approved, Brazil would become the largest economy to back Bitcoin directly with sovereign wealth. El Salvador famously adopted Bitcoin as legal tender in 2021, while the United States holds seized coins worth billions. Brazil’s move would be different, marking a deliberate, open purchase using public funds. The question of debate among the public is ... (full story)
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