Brazil Dey Think Say E Fit Use Up To 5% Foreign Reserves Put for Bitcoin Through RESBiT Bill

Brazil dey push one pioneering plan to put Bitcoin inside im national reserves. Dis RESBiT (Bill 4501/2023) wey don pass im first committee for law makers, wan make Brazil fit invest up to 5% of im foreign exchange reserves for Bitcoin. Dis diversification plan na to better how dem dey manage reserves by reducing reliance on old-school assets, give protection against inflation, and show say di country open to digital asset innovation. Different from El Salvador, Brazil no go make Bitcoin legal tender or put am for everyday transactions but go treat am as treasury asset. Di potential benefits na exposure to fast growing assets and more financial independence, but risks like volatility, uncertain regulations, and security still dey important. Di bill get cautious 5% limit to balance opportunity and risk. If dem pass am, Brazil fit affect how other countries go adopt Bitcoin for institutions, encourage wider acceptance by other sovereign states. Crypto traders suppose watch how di law matter dey go as e pass fit mean bigger institutional demand for Bitcoin wey go affect di market movement.