Benefits of Bitcoin reserves: The establishment of a Bitcoin reserve offers various benefits. The proposal emphasizes that Bitcoin could serve as a tool for Brazil to protect itself during periods of economic uncertainty. Supporters argue that including Bitcoin in the national reserve can diversify the country’s assets and reduce dependence on conventional currencies.

Step-by-step Bitcoin purchase plan: The proposal also includes a step-by-step plan to purchase Bitcoin, aiming to minimize the market volatility’s impact on Brazil’s reserves. This careful approach aims to smoothly integrate Bitcoin into the country’s financial system while allowing time to assess this reserve asset’s efficiency.

Strategic milestone for Brazil: If approved, this will be a significant milestone in Brazil’s financial strategy. This could set a precedent for other countries considering similar measures. These trends reflect the growing acceptance among political leaders of Bitcoin as a strategic asset.

Global trend in Bitcoin: Globally, countries like El Salvador and Bhutan have accepted Bitcoin as part of their national financial strategy. El Salvador legalized Bitcoin as an official currency in 2021. The actions of these countries demonstrate the development of Bitcoin in its role as a national asset.