Bitcoin Price Prediction: How Could Brazil’s Strategic Bitcoin Reserve Proposal Impact BTC?

Brazil Proposes Historic 1 Million Bitcoin Strategic Reserve Bill

TLDR: Brazil targets one million Bitcoin accumulation over five years through RESBit strategic reserve framework. Bill 4501/2024 permits Brazilian taxpayers to settle tax obligations directly using Bitcoin payments. Legislation prohibits sale of seized Bitcoins, retaining confiscated assets under public control. Brazil becomes first G20 nation to codify Bitcoin as sovereign reserve asset through formal legislation.   Brazil has reintroduced leg…

LATAM crypto news: Argentina fintech faces setback; Brazil weighs Bitcoin reserve

The most noteworthy cryptocurrency developments in the region this week came from Argentina, Brazil, and El Salvador. El Salvador is planning a $100 million tokenised investment program for local SMEs, Brazil is considering a bill to eliminate crypto taxes and establish a strategic Bitcoin reserve, and Argentina’s fintech industry suffered a blow when lawmakers revoked […]

Latam Insights: Brazil's 1 Million Bitcoin Strategic Reserve Bill Introduced, Stablecoin Taxation Also in the Works

Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition, a strategic bitcoin reserve bill was introduced in the Brazilian Congress, Brazil prepares to tax stablecoins, and Argentina’s statistics chief resigns. Strategic Bitcoin Reserve Bill Allowing Brazil to Acquire up to 1 Million […]

Bitcoin Price Reclaims $70,000 After Deep February Slide

After a rough sell-off that dragged BTC near $60,000, the bitcoin price has rebounded above $70,000.

Bitcoin Price Prediction: How Could Brazil’s Strategic Bitcoin Reserve Proposal Impact BTC?

Bitcoin price has recently climbed back to $70,000, fueled by a softer-than-expected U.S. inflation report that relieved market concerns. This has seen a new risk appetite in the eyes of investors, and this has helped the general crypto market recover. Meanwhile, the proposal of a strategic Bitcoin reserve in Brazil may prove to be a The post Bitcoin Price Prediction: How Could Brazil’s Strategic Bitcoin Reserve Proposal Impact BTC? appeared fir…

Bitcoin Price Near $70K as Brazil’s Strategic Bitcoin Reserve Plan Boosts Market Sentiment

Bitcoin price has climbed back toward the $70,000 level after a softer-than-expected U.S. inflation report eased investor concerns and revived risk appetite across global markets. The improved macroeconomic outlook has fueled a broader crypto market recovery, pushing total market capitalization up 1.55% in the last 24 hours to $2.4 trillion. Ethereum (ETH) surged above $2,000, while XRP gained nearly 5%, reflecting renewed bullish momentum in di…