Pedro Change, Chief of Staff, Vice President Geraldo Alkain, reiterated that he intends to move forward with the idea of adding Bitcoin to Brazil’s sovereign reserves, on the pretext that the country is no longer able to afford the costs of ignoring the “money network that was tested in the tougher stress.”
The proposal first appeared in the end of last month when it deviated from the headquarters of the parliamentary “Brazil Brazilian Front”. In this speech, the legislators urged the study of Bitcoin “with the same seriousness that we bring to financial frameworks and tax reform”, an invitation that caused Brazilia and the broader encryption sector.
Pay to the Bitcoin Reserve earns momentum in Brazil
Talk to the economist and author Fernando Ulrich in one hour interviewThe political assistant expanded the logical basis behind the initiative and rejected the proposals that the idea was a propaganda trick. “We are not talking about a virtual experience; Bitcoin has survived for sixteen years of open numerical tests,” Ghwera told Ulrich. “If the United States Treasury is able to contract Bitcoin confiscation and publicly discuss it, then Brazil – the G20 economy with a set of advanced payments – should measure at least whether the strategic allocation is logical.”
The invitation in Guerra corresponds to a draft law from 2024 by the Eros Biondini member, who will form the Central Bank of Brazil and the National Treasury of Bitcoin accumulation alongside the gold and foreign currency. The text did not reach a committee, but they did not describe it as a “very important step” that would “put a democratic in the discussion that ultimately relates to Brazilian: the long -term purchasing power of our money.”
He stressed that any backup strategy will need a “clear governance framework – which preserves the keys, what is the disclosure, what are the standards of risk”, but it argued that post -inflation institutions in Brazil are mature enough to deal with the task. He said that the central bank record with the immediate payments of the central bank and the sentence of the sentence – CBDC, Drex, proves that the country can provide a complex digital infrastructure, although it was keen to draw sharp borders between CBDCs, Altcoins and Bitcoin itself.
“Three confusion dominates Brazilia,” noticed. “First, bitcoin collection with each other encryption assets; second, equivalent to Drees; third, which reduces” only Blockchain “. They are three completely different animals.”
For Guerra, the macro state is clear: the general investment gap in Brazil expands even with its reserve reserves on real negative revenues, and difficult digital assets can be as a store between generations of the value of sovereign wealth boxes. “If we are proud to host the COP 30 and talk about future supervision, maintaining the purchasing power of the next generation is part of this duty,” he said, noting that the maximum bitcoin of 21 million units and a censorship resistance layer.
Ulrich, who bears the country’s inflation in the 1980s, agreed that ignorance of basic cash mechanics affects policy -making. Guerra agreed, remembering that during two decades of partisan work, “everyone talks about financial amendment, no one asks” What is the money? “Former Central Bank President Gustavo Franco -” the currency is a national symbol; It must have a purchase force ” – to confirm that reserve discussions are about the identity of justice.
Inside the government, she says, but the reactions were “amazingly positive.” While he confessed to the silent skeptics, he was reported to be encouraged by economists and civil service employees who are fascinated by financial diversification. Criticism has focused less on the principle more than the implementation questions, especially the nursery. Guerra insists that these technologies are solved: “Benefits even a modest demo position that exceeds complications.”
The Chief of Staff plans to accommodate Vice President Alkain and the concerned cabinet members in the coming weeks, after which the government may provide comments on the Biondini bill or proposal to an alternative framework. In parallel, Guerra encourages the factors that encourage the optimal positioning model for the $ 350 billion in the Brazilian peace wallet.
At the time of the press, BTC was traded at $ 84,631.
Distinctive image created with Dall.e, Chart from TradingView.com
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