Indonesia & Brazil Dey Eye Bitcoin Reserves Wit Renewables
Indonesia beta crypto community, Bitcoin Indonesia, don propose to Vice President Gibran Rakabuming Raka make dem go build national Bitcoin reserves through big scale renewable energy mining. The plan use extra geothermal and hydroelectric power to do Bitcoin mining wey dem fit sustain. People wey support am talk say this plan go help government make better money, create jobs for tech and energy sectors, plus make economy strong well well. The proposal still talk say make dem do full Bitcoin education program, wey go get university courses, public awareness campaigns, and developer training. For the other side, Brazil House of Representatives go hold public hearing on August 20 to discuss bill wey go allow up to 5% of national treasury fund—about $15 billion—go into Bitcoin reserves. Vice President Alckmin support this bill and e involve six main institutions, including the central bank and finance ministry. This kain move na part of global trend as countries like US, Ukraine, Bhutan, and Kazakhstan dey try Bitcoin reserves to protect their money from inflation and fix their financial system.
Bullish
National adoption of Bitcoin reserves mean say demand from institutions dey increase and dem get long-term confidence for BTC. For short term, the announcement fit make speculative buying jump as traders dey expect government to dey accumulate and do mining initiatives. For long term, steady reserve buying plus renewable energy mining frameworks fit make BTC supply tight and support higher price floors. The global trend of sovereign crypto allocations even confirm one bullish outlook, make Bitcoin strong as inflation hedge and strategic asset.