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Brazilian government officials: Establishing a Bitcoin national reserve is "crucial" for national prosperity.
Brazil’s Vice President Chief of Staff Pedro Giocondo Guerra stated during a congressional event that establishing a “strategic sovereign Bitcoin reserve” will play a decisive role in the country’s prosperity, calling it an important issue “related to the public interest.” He compared Bitcoin to the “gold of the internet,” emphasizing its value as a global wealth transfer and storage tool. Previously, a member of Brazil’s Liberal Party proposed a new bill suggesting that the government allocate up to 5% of its forex reserves to Bitcoin. (Decrypt)