Brazil Reviews Bill for Bitcoin Sovereign Strategic Reserve – Coincu

The Brazilian Chamber of Deputies is reviewing a groundbreaking proposal to allocate a portion of the country’s international reserves to Bitcoin.

This initiative, outlined in Bill No. 4501 of 2024, aims to diversify Brazil’s national assets, reduce exchange rate and geopolitical risks, and bolster blockchain and CBDC advancements.

Brazil Plans 5% Reserve Allocation to Bitcoin

The proposed Bitcoin Sovereign Strategic Reserve (RESBit) could allocate up to 5% of Brazil’s international reserves for Bitcoin purchases. This plan involves the Central Bank of Brazil and the Ministry of Finance using secure technologies, such as cold wallets, and applying stringent transparency mechanisms. Congressman Luiz Gastão is a key advocate for the legislative proposal.

Community and international responses reflect keen interest in Brazil’s potential role as a forerunner in sovereign crypto adoption. While no major figure statements are available, Gastão’s cautious endorsement emphasizes a progressive yet carefully tempered approach.

“A cautious and gradual implementation strategy will be adopted to balance potential benefits and risks.” — Congressman Luiz Gastão, Federal Deputy, Brazil’s Chamber of Deputies

Brazil’s Bitcoin Strategy: Global Implications and Insights

Did you know? El Salvador, in 2021, made Bitcoin legal tender, owning no more than 5% of Brazil’s proposed strategic reserve allocation. Brazil, part of the G20, may become the largest economy to adopt such a measure.

Bitcoin’s current price stands at $107,708.89 with a market cap of $2.14 trillion, accounting for a 63.36% market dominance as per CoinMarketCap. Over 24 hours, Bitcoin’s trading volume reached $52.86 billion, marking a 1.58% decline, reflecting dynamic price movements minus 1.58% over a day and 4.12% over a week, as updated on June 12, 2025.

Experts from Coincu emphasize the potential ripple effects of Brazil’s strategy on global markets, especially if a major economy adopts similar measures. The proposal supports a framework for wider cryptocurrency integration into national fiscal policies, positioning Bitcoin as a central digital asset.