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Brazil is potentially set to become the first G20 nation to allocate up to 5% of its $370B reserves into Bitcoin through landmark legislation currently advancing in Congress. Unlike El Salvador's executive approach, Brazil's bill creates a Strategic Sovereign Bitcoin Reserve through proper legislative channels, providing robust institutional backing. This move could trigger copycat behavior among major economies and redefine global sovereign wealth management strategies.

If Brazil allocated 5% - BTC would shoot above $150K instantly - prob a lot higher.

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Bsq

What’s the math on going above 150k if this happens? 5% of 370 b is only ~19 billion which is not that much

Khanh

Exactly my thoughts. The maths doesn’t seem to add up. If BTC is around $1 Trillion in Market cap, surely you need about $500B to make BTC go up to around $150k. Am I missing something ?

Piper

Huge.