On August 20, 2025, Brazil’s Chamber of Deputies held its first public hearing on Bill PL 4,501/2024, a proposal to create a “Strategic Bitcoin Reserve” worth up to $18.6–$19 billion. The session, organized by the Economic Development Commission, marks a historic step toward integrating Bitcoin into Brazil’s sovereign asset framework.
Authored by Deputy Eros Biondini and supported by Deputy Luiz Philippe de Orleans e Bragança, the bill envisions Bitcoin as a strategic reserve comparable to gold. Supporters argue its scarcity, fixed supply, and borderless nature could help Brazil diversify its holdings, reduce dependence on the US dollar, and safeguard against global monetary instability.
Economists and lawmakers debated potential benefits and risks, with advocates claiming such a reserve would also position Brazil as a Latin American leader in financial innovation. The hearing underscored growing recognition of Bitcoin as a “digital commodity” that could play a long-term role in national financial security.
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