Proposal to Establish a Strategic Bitcoin Reserve in Brazil

As global adoption of cryptocurrency continues to rise, several countries are beginning to consider establishing Bitcoin reserves as part of their national financial strategies.

This move is driven by the belief that Bitcoin can serve as a strategic asset that complements traditional foreign exchange reserves such as gold and fiat currencies.​

Initiatives in Various Countries

Citing Bitcoinist, here are several countries that have taken concrete steps in building Bitcoin reserves:​

• Iran: In 2020, Iran implemented regulations requiring domestic Bitcoin miners to sell their mined Bitcoin to the Central Bank of Iran, which was then used for import-related expenditures.​

• Bhutan: In 2024, through a state investment arm, Bhutan operated large-scale Bitcoin mining operations utilizing abundant hydroelectric resources, allowing the country to accumulate Bitcoin worth $750 million—equivalent to 28% of its GDP.​

• El Salvador: As of March 2025, El Salvador held over 6,102 BTC in its national reserves, valued at approximately $550 million at the time.​

Proposal in Brazil

In Brazil, the proposal to establish a strategic Bitcoin reserve has been put forward by a member of parliament.

In November 2024, a deputy from the Liberal Party proposed the creation of a Bitcoin reserve as a measure to strengthen Brazil’s financial sovereignty and reduce dependence on foreign currencies.

Challenges and Considerations

While the proposal has gained attention, there are several challenges that need to be considered:​

• Price Volatility: Bitcoin is known for its significant price fluctuations, which can drastically affect the value of the reserve in a short period of time.​

• Regulation and Security: The government must ensure appropriate regulations are in place to manage and secure these digital assets, including protection against cyber threats.​

• Public and Institutional Acceptance: The adoption of Bitcoin as part of national reserves requires support from various stakeholders, including financial institutions and the general public.​

Conclusion

The proposal to establish a strategic Bitcoin reserve in Brazil reflects a global trend where nations are beginning to consider digital assets as part of their financial strategies.

However, the implementation of this initiative requires in-depth analysis and careful consideration of the risks and potential benefits involved.