Bitcoin (BTC) is also gaining increasing importance in Brazil. Pedro Giocondo Guerra, an influential government official, recently emphasized that a BTC reserve could be essential for the country’s future prosperity. He expressed this assessment on Wednesday during a congressional session.
Bitcoin as the “Gold of the Internet”
According to Guerra, a national Bitcoin reserve would not only protect Brazil from inflation but also contribute to long-term economic stability. He praised the digital currency for its ability to preserve its value and efficiently transfer wealth around the world. It is not for nothing that he called Bitcoin the “gold of the internet.”
Vice President Geraldo Alckmin and other top advisors to the Brazilian government are also open to the idea of a BTC reserve. They view it as a prudent financial move that could allow the country to build significant long-term wealth. Bitcoin is expected to increasingly take over the role of gold as a strategic store of value.
Following in the footsteps of the United States
Interest in strategic Bitcoin reserves is growing worldwide – not least due to US President Donald Trump‘s plans to establish a national BTC reserve. According to Joe Burnett of Unchained, this marks the beginning of Bitcoin’s structural integration into the global financial system – a true turning point.
Although the Bitcoin price has recently declined somewhat, Burnett explains that BTC’s status is now firmly entrenched. As the world’s seventh most valuable asset, the cryptocurrency is now on par with traditional reserves like gold. He believes that government adoption will lead to new financial products that could fundamentally change the economic fabric.
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