brazilcrisis

$BTC Is Brazil going to buy 1 million bitcoins? A major shock expected at the government level?

A shocking proposal has resurfaced in Brazil: a national strategic bitcoin reserve, under which the purchase of potentially up to 1 million BTC could be allowed.

If approved, this will not only be a symbolic step but could become one of the largest government purchases in history. Based on the current supply, this would be a significant portion of the circulating bitcoins that could be locked in the government balance sheet.

In an era of rising debt, currency fluctuations, and geopolitical tensions, strategic BTC reserves are no longer an unserious idea — they are becoming regular policy debates.

If a large economy like Brazil formally takes a step, the narrative could shift from corporate adoption to government competition.

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🚨 Bolsonaro Sentenced!
Brazil’s former president Jair Bolsonaro has been hit with a 27-year, 3-month prison sentence for plotting a coup to cling to power after his 2022 defeat.

⚖️ Judges ruled he conspired to overturn the election, dismantle democratic institutions, and even target President-elect Luiz Inácio Lula da Silva.

🏠 For now, Bolsonaro is under house arrest, but his defense team is already preparing an appeal.

🌎 The verdict has shaken Brazil’s politics, marking the first-ever conviction of a former president for coup-related crimes — and delivering a huge setback to Bolsonaro’s right-wing base.

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