Panama City Mayor Mayer Mizrachi has hinted at the possibility of establishing a city-level Bitcoin reserve, potentially emulating El Salvador’s approach to cryptocurrency adoption. This follows discussions with key figures from El Salvador’s Bitcoin policy team, including Max Keiser and Stacy Herbert. While no details have been disclosed publicly, this move aligns with Panama City’s recent steps toward incorporating digital assets into its payment system. The city council approved a measure in April 2025 allowing the use of cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC) for taxes, fines, and other municipal fees. 6,179 Bitcoin held by El Salvador as part of its national reserves are worth approximately $640 million. Mizrachi’s potential plans could pave the way for a similar Bitcoin reserve in Panama City if he establishes necessary legal frameworks with Panama’s National Assembly.