Brazil go hold di first public hearing on top Bitcoin Reserve Bill
Brazil Chamber of Deputies go hold dia first public hearing for August 20, 2025, about Bill 4.501/2024 wey wan put sovereign Bitcoin reserve. Lawmakers wan make national treasury assets get different kind besides US Treasuries and make sure dem fit protect against currency wahala and inflation. The session for Brasília go gather more than twelve institutions, like Abcripto, Central Bank, Finance Ministry, plus experts like Febraban economist Rubens Sardenberg and Méliuz person Diego Kolling. People wey support talk about blockchain innovation and how e fit protect from inflation. But critics dey warn say Bitcoin get high wahala for price and accounting rules no clear. If dem approve am, Brazil go join US states like Texas wey get public Bitcoin reserves.
Bullish
Di announcement of wan formal public hearing on sovereign Bitcoin reserve bill show say institutional interest dey grow and e fit make government level adoption possible. For short term, dis fit boost market sentiment for BTC as traders dey expect say demand go increase and regulaion go clear. For long term, if bill pass, Brazil move to diversify reserves with Bitcoin fit set precedent for other countries, e go support continued upward pressure on price and wider acceptance.