Brazil is considering a bill to establish a Sovereign Bitcoin Reserve Fund (RESBit), allowing the use of up to 5% of its international reserves to invest in Bitcoin. The goal is to mitigate exchange rate volatility, limit geopolitical risks, and promote the development of blockchain technology.
If approved, this initiative would not only set a global precedent but also provide strong support for the development of the digital currency Drex.
The bill establishing the RESBit fund permits Brazil to invest up to 5% of its international reserves in Bitcoin to protect the economy from exchange rate fluctuations and geopolitical risks while advancing blockchain applications.
Representative Luiz Gastão has called for a cautious approach, emphasizing the need to balance potential benefits and risks. This move is attracting attention from global experts, as it could shape the cryptocurrency policies of other nations.
This bill has the potential to create a wave of change in global financial policy, encouraging the integration of blockchain technology. If successful, Brazil’s initiative, given its prominent economic position, could drive Bitcoin adoption strategies worldwide, ushering in a new era for digital currencies.
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This morning, June 13, 2025, the price of Bitcoin is fluctuating between $103,000 and $104,000, down nearly 5% in the past 24 hours, significantly impacted by geopolitical tensions between Israel and Iran.
