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Indonesia and Brazil are taking a bold step Twowards modernizing their economic strategy to include bitcoins in their national reserves.
At a high-level meeting with Vice President Rakbuming Raka’s office, representatives from Bitcoin Indonesia submitted a detailed proposal, stating how the country’s couch uses surplus renewable energy to mine and deposit bitcoins as part of a long-term economic devil scheme.
Indonesian bitcoin (BTC) reserved trick
Despite a nationwide ban on using crypto for strict crypto policies and payments, Indonesian authorities are allegedly pronounced to the idea of Bitcoin Reserve for Economic Economic.
A major component of discsions included the importance of public education, advocating awareness programs to deteriorate bitcoin with Bitcoin Indonesia. The group also shared the macroeconomic projects, including Michael Caurer’s rapid forecast of bitcoin, reaching $ 13 million by 2045.
Indonesia’s interest in bitcoin unused geothermal and hydroelectric energy for durable mining, with a stable inflation rate of 0.76% and only 39% loan-GDP ratio.
Brazil proceeds with Crypto Reserve Act
While Indonesia examines its options, Brazil is alive, a national conversation on bitcoin reserves is carrying forward. The country’s Representative Assembly has been scheduled to hold a public hearing on 20 August to always argue up to 5% of its treasury to that council, about $ 15 billion, Bitcoin can be allocated.
Six major institutions including the Union Bank of Brazil and the Ministry of Finance will participate in the discussions. Thought that the bill faces opposition from some finish authorities, the Vice President Graldo Olkmin’s office has supported it as being in the national interest.
This marks the first public hearing of Brazil on the Crypto reserves and reduces global changes towards institutionalization of bitcoin.
BTC's price record bullish momentum on the daily chart. Source: BTCUSD on Tradingview
A global trend towards sovereign bitcoin holdings
Indonesia and Brazil are included in the list of notes, the United States, Ukraine, Bhutan and Kazakhstan, who actively discover bitcoins as a strategic reservation property. While motivations are different, from hedging against inflation to modernizing the financial infrastructure, the trend is clear: sovereign bitcoin reserves are no longer a fringe idea.
As more governments combine the capacity of digital assets, the role of bitcoin in national economic strategies is ready for girls, indicating a transformative era in global finance.
Cover image from Chatgpt, Btcusd Chart from Trading Cav
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