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A recent interesting development has emerged in Brazilian politics. Presidential candidate Renan Santos announced that he will officially include the "National Bitcoin Reserve" in his campaign platform. It sounds a bit abrupt, but there are deep policy foundations behind it.
As early as 2024, the Brazilian Congress held hearings on the "Strategic Bitcoin Reserve." Furthermore, lawmakers formally submitted a bill suggesting that the Treasury consider purchasing Bitcoin as a national reserve asset. Now, bringing this idea into the election stage is, to some extent, saying: this is not just a technical discussion within a small circle, but a major issue concerning the country's future.
Why do this? Santos's logic is worth examining. First, he draws on the experience of El Salvador—the country has already been trying to diversify its treasury assets with Bitcoin. Second, Bitcoin's blockchain-based transparency has unique potential to combat corruption within government departments. Third, in the current global financial climate full of uncertainties, countries need to find new risk hedging tools to protect sovereign wealth.
Some may ask: can this really become a reality? It may not be immediately implementable. But the key point is that this topic has now entered the mainstream stage of the election. This in itself is a strong signal—it reinforces the global imagination of Bitcoin as a "potential reserve asset" and could trigger policy ripple effects in other regions.
What is the deeper trend? It indicates that cryptocurrencies are gradually being regarded by some political elites as key issues related to future national financial strategies and technological sovereignty. Like any major institutional innovation, it takes time from theory to reality. For Bitcoin to become widely recognized as a reserve asset, it must go through a long process from concept to complex reality. What Brazil is doing now is the latest attempt in this grand experiment.