Brazilian lawmakers officially propose the establishment of a national strategic Bitcoin reserve

ChainCatcher news, a Brazilian congressman has officially proposed the establishment of a national strategic Bitcoin reserve ------ Bitcoin Sovereign Strategic Reserve. The plan, known as the "Bitcoin Sovereign Strategic Reserve" (Reserva Estratégica Soberana de Bitcoins, abbreviated as RESBit), aims to diversify the national treasury. According to Brazilian media platform Portal do Bitcoin, Congressman Eros Biondini submitted this proposal on Monday.

Previous news, as the price of Bitcoin approaches $100,000, the demand and price for Bitcoin exchange-traded fund (ETF) shares on the Brazilian stock exchange have surged. The first cryptocurrency ETF launched on B3, Hashdex, has reached an all-time high, with net asset value nearing $689 million.