Brazil Eyes Bitcoin Reserve Proposal: $17-19B Investment Could Shake Global Finance

Brazil’s Parliament is on the verge of making history, considering a groundbreaking proposal to establish a Bitcoin reserve. This potentially transformative move could allocate up to 5% of the country’s foreign reserves into the world’s leading cryptocurrency, with estimated value ranging from $17 to $19 billion. The initiative comes as part of a broader strategic effort to strengthen Brazil’s position in the digital economy.