BULLISH NEWS FOR $BTC
Brazil’s Congress has reintroduced RESBit, a bill to create a Strategic Sovereign Bitcoin Reserve, allowing the government to gradually acquire 1 million $BTC over the next 5 years — roughly 5% of Bitcoin’s total supply. If approved, Brazil could become one of the world’s largest Bitcoin reserve holders.
KEY PROVISIONS:
1️⃣ Accumulate 1 million BTC gradually
2️⃣ Pay federal taxes in Bitcoin
3️⃣ Incentives for mining, custody, and crypto industries
4️⃣ Ban on selling seized Bitcoins
While retail traders panic, big players like Brazil, USA, and other institutions are quietly building their Bitcoin reserves.