On May 16, Panama City Mayor Mayer Mizrachi stirred speculation about a potential Bitcoin reserve after posting a cryptic message on his official X account: “Bitcoin reserve.”
This post followed his meeting with Max Keiser and Stacy Herbert, key figures behind El Salvador’s Bitcoin policy.
El Salvador’s Bitcoin Reserve: A Model for Panama?
El Salvador has been a pioneer in integrating Bitcoin into its national financial strategy. As of May 15, 2025, the country holds 6,179 BTC, valued at approximately $644 million. This reserve has been accumulated through a consistent strategy of purchasing Bitcoin, despite facing pressure from international bodies like the IMF to limit such acquisitions.
Insights from the Meeting
During their discussions, Keiser and Herbert emphasized the potential for both Panama and El Salvador to leverage their renewable energy resources—geothermal in El Salvador and hydroelectric in Panama—to power Bitcoin mining operations. Herbert also mentioned that Panama City plans to incorporate El Salvador’s “What is Money?” financial literacy textbook into its online library system, reflecting a shared commitment to educating the public about Bitcoin.
Looking Ahead
While Mizrachi’s post has not been elaborated upon, the timing suggests that Panama City is considering adopting a Bitcoin reserve strategy similar to El Salvador’s. Such a move would position Panama as a leader in cryptocurrency adoption in the region. Mizrachi is scheduled to speak at the Bitcoin 2025 conference in Las Vegas, where further details may emerge.
Cointelegraph
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/panama-city-mayor-hints-at-bitcoin-reserve-after-meeting-el-salvador-officials/