Government Official: "The Underground of the Internet" Bitcoin Reserve is Vital for National Welfare! - Coin Bulletin

Brazilian official Pedro Giocondo Guerra emphasized that Bitcoin is of great importance for the country's economic future, stating that the "Strategic Bitcoin Reserve" is a decisive step for national development.

A senior official of the Brazilian government stated that Bitcoin has become a priority for national interests, expressing that this digital asset has the ability to quickly facilitate wealth transfer on a global scale and to ensure the efficient and secure storage of labor.

Guerra defined Bitcoin as the "gold of the internet," emphasizing that the increasing interest in Bitcoin among countries should also include Brazil in this strategy.

(# Brazil is stepping into the digital economy with Bitcoin reserves

The statements coming from Brazil have once again brought the country's interest in Bitcoin to the forefront. Recently, Brazilian Liberal Party member of parliament Eros Biondini presented a bill proposing that the government hold 5% of its international reserves in Bitcoin. This bill envisions a system where the Brazilian Central Bank will store Bitcoin by tracking transactions with blockchain and artificial intelligence.

)# Economic advantages of Bitcoin reserve

Brazil's Bitcoin reserve plan aims to achieve important goals such as diversifying foreign exchange reserves, protecting against fluctuations in international currencies, and adopting blockchain technology. If the law is passed, the government will gradually implement the Bitcoin reserve and ensure its transparent management. This step aims to strengthen Brazil's role in the digital economy and enhance financial stability.