Brazil Eyes Bitcoin Reserves: Hearing Date Set
Brazil is set to explore the possibility of incorporating Bitcoin into its national reserves. The Chamber of Deputies has scheduled a public hearing for August 20, 2025, to discuss this groundbreaking proposal.
Chamber to Debate Bitcoin Reserve Proposal
The hearing will address Bill 4.501/2024, introduced in November 2024 by Federal Deputy Eros Biondini. This bill proposes diversifying Brazil's reserve assets beyond traditional US Treasuries by including Bitcoin and other secure crypto assets.
The session, prompted by Federal Deputy Luiz Philippe de Orleans Bragança, will commence at 4 p.m. in Plenary 5, Annex II of the Chamber of Deputies in Brasília. Key institutions and experts have been invited to provide insights, including:
- Diego Kolling, Head of Bitcoin Strategy at Méliuz
- Rubens Sardenberg from Febraban
- Representatives from Abcripto, the Central Bank of Brazil, the Ministry of Finance, and the Ministry of Development, Industry, Commerce, and Services
The discussions will cover the potential impacts of holding Bitcoin on inflation, fiscal policy, and overall industry growth.
Experts Weigh In on Risks and Rewards
Advocates argue that Bitcoin could serve as a hedge against fluctuations in the real and rising inflation. However, critics are concerned about Bitcoin's price volatility. Clear guidelines for auditing and recording crypto on the national balance sheet will be crucial.
Other regions are also exploring similar strategies. Texas has already allocated $10 million of public funds to Bitcoin, following a law signed by Governor Greg Abbott in June. Arizona and New Hampshire have passed similar measures, although they haven't yet funded any purchases. Furthermore, US President Donald Trump has signed an executive order related to crypto reserves, signaling growing interest in sovereign Bitcoin holdings.
Future of Sovereign Crypto Holdings
France is considering state-run Bitcoin mining at nuclear plants to convert surplus power into revenue. Estimates suggest that one gigawatt of extra capacity could generate up to $150 million annually.
Brazil, with its mix of hydropower and solar farms, could potentially pair Bitcoin mining operations with clean-energy plants, transforming wasted energy into a valuable revenue stream should the Bitcoin reserve plan move forward.