Brazil Eyes Bitcoin as a National Reserve Asset

In Brief:

Brazil’s VP chief of staff calls Bitcoin a “strategic reserve” essential for national prosperity.

Proposal under review to allocate up to 5% of Brazil’s forex reserves to BTC.

‍

A top Brazilian official has publicly endorsed the idea of adding Bitcoin to the country’s sovereign reserves, calling it critical to future economic security. Pedro Giacomo Guara, chief of staff to Brazil's Vice President, said a “strategic sovereign Bitcoin reserve” is not just visionary but necessary for public interest.

Guara likened Bitcoin to “gold on the internet,” aligning with growing global sentiment that digital assets could be the next-generation safe haven.

The statement follows a legislative proposal from a Brazilian Liberal Party lawmaker, who recommended allocating up to 5% of Brazil’s foreign exchange reserves to Bitcoin. The bill is currently under review, with backing from several tech-forward politicians.

As more countries consider Bitcoin for strategic reserves—El Salvador being the most prominent example—Brazil’s interest signals a growing shift among emerging markets toward crypto as part of sovereign wealth strategy.

‍