Brazil Dey Consider Bitcoin As Sovereign Reserve: Strategic Move For Inside Economic Policy
Brazil dey think about how to put Bitcoin inside dia government money reserve, maybe to put like 5% of all dia reserve, wey be like $18.3 billion. Na Pedro Giocondo Guerra, oga for Brazil Vice-President staff dey lead this plan, as way to protect dia money from inflation and economic wahala. Dem wan make Bitcoin different from other cryptocurrency and Brazil own digital money, Drex. One law dem dey look into go allow Central Bank and National Treasury to hold Bitcoin, and e go make people dey talk about how to share money power. Even though people dey fear say Bitcoin fit change price anyhow, government support strong, and future plans go show how dem go take care of am and put am for good position. This thing go make Brazil be like big country wey dey accept Bitcoin, even though risk dey because price fit change anyhow.
Bullish
Brazil plan to put Bitcoin for inside government money store dey very important for how market dey feel. Old market people dey see am as say Bitcoin dey valid for how dem dey run money matter, and e fit make big companies show more interest. Government dey support the plan, and dem get strong internet system, so e dey look like Bitcoin go dey important for government business for long time. Small time from now, this news fit make people dey buy Bitcoin anyhow, so the price fit go up. Even though wahala dey like price wey dey change anyhow, the news show say people dey accept Bitcoin more and more, so e fit make the price go up.