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Brazil's Sovereign Move
In a massive development today, Brazil's Congress reintroduced Bill 4501/2024, which proposes creating a Strategic Sovereign Bitcoin Reserve (RESBit).
The Goal: Brazil aims to acquire up to 1 million BTC to diversify its national reserves.
Impact: This move follows the "El Salvador model" but on a significantly larger scale, potentially positioning Bitcoin as a formal tool for national collateral (specifically for Brazil's digital currency, Drex).#GateSquare$50KRedPacketGiveaway
$BTC #GateSquare$50KRedPacketGiveaway