🇧🇷 Positive momentum is building in Brazil for a strategic bitcoin reserve! While President Luiz Inacio Lula da Silva hasn't commented directly, high-ranking officials are considering the proposal. Pedro Giocondo Guerra, chief of staff to Vice-President Geraldo Alckmin, believes bitcoin deserves a place in Brazil's foreign reserves. He emphasized its potential as "digital gold" during the launch of the Parliamentary Front for a Competitive Brazil. Guerra highlighted bitcoin's value as both a transactional tool and a secure store of wealth, stating it allows for efficient global wealth transfer. Brazil was among the first to propose converting part of its foreign reserves to bitcoin, with a bill calling for a 5% allocation. Unlike the U.S. approach, this initiative seeks legislative approval for direct purchases. What do you think about Brazil's potential move towards a bitcoin reserve? Let us know! 💬