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Brazilian Presidential Candidate Calls for Establishing a National Bitcoin Reserve
On January 8, DL News reported that Brazilian political activist and presidential candidate Renan Santos stated that Brazil needs to establish a strategic Bitcoin reserve. As the founder of the Mission Party (Partido Missão), Santos believes that "a national Bitcoin reserve is a feasible proposal," and mentioned that some countries have already started doing so, such as El Salvador.
Santos expressed his trust in blockchain technology, believing that the public sector can leverage this technology to combat corruption, calling blockchain a "cool tool" that will "make embezzlement more difficult." Brazil will hold its presidential election on October 4.