Brazil: the debate on the creation of a national strategic reserve in Bitcoin

According to what reported, it seems that in Brazil, the creation of a State reserve in Bitcoin has become a hot topic.

Brazil: the debate on the creation of a national strategic reserve in Bitcoin

A high-ranking official of the Brazilian government has intervened on the issue of the creation of a State reserve in Bitcoin.

According to what reported, it seems that in Brazil, the creation of a State reserve in Bitcoin has become a hot topic.

In fact, the number of high-ranking officials who assert the importance of the issue for public interest and for the prosperity of the country is increasing.

The chief of staff of Vice President Geraldo Alckmin (PSB), Pedro Giocondo Guerra, stated as follows:

“Rigorously discussing the constitution of a sovereign reserve of bitcoin value is in the public interest and will be decisive for our prosperity. After all, bitcoin is digital gold, the gold of the internet.”

Not only that, Guerra also highlighted the characteristics of the cryptocurrency, such as its digital and deflationary scarcity, unlike government currencies, which can be printed and inflated.

Specifically, Guerra emphasized the value of Bitcoin as a transactional tool and as a store of value.

“It is a technology that allows us to transfer wealth from one end of the planet to the other with agility and to preserve the fruits of our labor efficiently and securely,” he added.

The intervention of Guerra came during the inauguration ceremony of the new President of the FPBC (Fronte Parlamentare per il Brasile Competitivo).

Brazil and the bill proposal for the creation of a national Bitcoin reserve

In reality, last November 2024, the federal deputy Eros Biondini had presented the bill that aims to establish the Strategic Sovereign Reserve of Bitcoin (RESBit).

This is a measure that aims to include BTC in the financial management of the Brazilian government.

Specifically, the proposal includes a diversification of up to 5% of the international reserves of Brazil, with the planned acquisition of Bitcoin. The percentage proposed by the deputy would allow Brazil to have up to 18.3 billion dollars in bitcoin, based on the current values of the government’s international assets.

According to Biondini, with this method, Brazil could protect itself from various currency fluctuations and geopolitical risks, as well as witness an increase in the use of blockchain technologies.

Until today, the bill on RESBit by Biondini has remained pending, awaiting a verdict.

The case of Trump’s USA

On the international level, from November to today, something has changed regarding Bitcoin. In fact, with the proclamation of Donald Trump as President of the USA, it seems that the crypto sector has found favorable ground.

In fact, Trump, at the beginning of March 2025 established the Strategic Bitcoin Reserve of the USA, signing his executive order. At that moment, there are 200,000 BTC in the reserve from confiscation proceedings.

Here too, as stated by Guerra for Brazil, Bitcoin is considered as “digital gold”, and in the USA, the government has decided to store and preserve the BTC in the national reserve as a “digital Fort Knox”.