Brazil Set to Hold Hearing on $19 Billion Bitcoin Reserve Proposal

On August 20, 2025, Brazil’s Chamber of Deputies will hold a public hearing to discuss potentially allocating up to 5% of its national reserves to Bitcoin. This proposal, spearheaded by Deputy Eros Biondini and Deputy Luiz Philippe de Orleans e Bragança, aims to replicate the success of El Salvador’s approach. The Brazilian government is looking to diversify its national reserves using Bitcoin as a strategic measure.