Pedro Guerra, the chief of staff to the Vice President of Brazil, emphasized his intention to promote the idea of adding Bitcoin to Brazil’s national reserves. He argued that Brazil can no longer ignore the ‘most resilient monetary network in the world’. In a one-hour interview, Guerra explained the rationale behind this initiative and dismissed suggestions that it is merely a publicity stunt. He stressed that any storage strategy requires a ‘transparent governance framework’. Guerra believes that explaining this issue in terms of macroeconomics is simple, as Brazil’s public investment gap is widening, and a digital asset with a limited ceiling can serve as an intergenerational store of value. He announced his plan to discuss this proposal in the coming weeks with the Vice President and relevant cabinet members.
Senior Brazilian official discusses adding Bitcoin to national reserves. Transparent governance framework is crucial. Plan to propose the idea to cabinet members.
