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Brazilian government official: Bitcoin reserves are essential to the country's prosperity

2025/03/29 14:45 (Updated 2025/04/24 10:03)
CoinPost
Written by Lewis Kikutani
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Brazilian government official: Bitcoin reserves are essential to the country's prosperity

Will Brazil follow suit?

Pedro Geocondo Guerra, a senior official in the administration of Brazilian President Luiz Inacio Lula da Silva, officially stated on the 25th that the creation of a national strategic Bitcoin (BTC) reserve "will determine the prosperity of the country." Guerra, who serves as chief of staff to Vice President Gerardo Alkmin, emphasized at a congressional ceremony on behalf of the federal government that "Bitcoin is the gold of the Internet."

According to local media Poder360, Guerra said, "It is in the public interest to seriously discuss the creation of a Bitcoin reserve and it will be crucial to our prosperity." He went on to say, "Bitcoin is digital gold and...

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MAGAZINE
Iolite Vol.14

Iolite Vol.14

July 2025 issueReleased on 2025/05/30

Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.