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

2025/03/29CoinPost
Written by Lewis Kikutani
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Brazilian government official: Bitcoin reserves are essential to the country's prosperity
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  1. Will Brazil follow suit?

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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