Panama City Mayor Raises Possibility of Bitcoin Reserve Following Crypto Meeting

Panama City’s Mayor Mayer Mizrachi surprised many with a cryptic X post on May 16, sparking speculation about the city potentially adopting a Bitcoin reserve. This comes after the mayor met with Max Keiser and Stacy Herbert, key figures behind El Salvador’s pioneering Bitcoin strategy. Keiser advises President Nayib Bukele on Bitcoin, while Herbert leads the country’s Bitcoin Office. Though details of their discussion remain unclear, Mizrachi’s post suggests Panama City could follow a similar path to Bitcoin adoption.