Brazil's 1 Million BTC Reserve Fund: Is It Feasible? Although the news that Brazil wants to accumulate 1 million BTC sounds very "impressive," we need to keep a cool head and analyze carefully. Accumulating a large, highly volatile asset like Bitcoin into the national budget is an extremely risky double-edged sword. Does Brazil have enough economic resources to sustain gradual purchases over 5 years without affecting the local currency? "Better safe than sorry," the high transparency and security requirements proposed in the bill show that even lawmakers are very concerned about the risks of loss or cyberattacks. If this bill remains just a proposal or faces difficulties in implementation, it could cause a major slip-up for the market. Don't get too excited and forget to protect your capital; carefully observe the approval process instead of rushing to go all-in! $BTC
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Brazil's 1 Million BTC Reserve Fund: Is It Feasible? Although the news that Brazil wants to accumulate 1 million BTC sounds very "impressive," we need to keep a cool head and analyze carefully. Accumulating a large, highly volatile asset like Bitcoin into the national budget is an extremely risky double-edged sword. Does Brazil have enough economic resources to sustain gradual purchases over 5 years without affecting the local currency? "Better safe than sorry," the high transparency and security requirements proposed in the bill show that even lawmakers are very concerned about the risks of loss or cyberattacks. If this bill remains just a proposal or faces difficulties in implementation, it could cause a major slip-up for the market. Don't get too excited and forget to protect your capital; carefully observe the approval process instead of rushing to go all-in! $BTC
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