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First Approval Received for Brazil’s Bitcoin Reserve Bill – Know More

A Historic First: Brazil's Bitcoin Reserve Backed Amid Rising Institutional Confidence Globally

Max Porter by Max PorterVerified Author
Jun 12, 2025
2 min. read
First Approval Received for Brazil's Bitcoin Reserve Bill - Know More

Key Points

  • Brazil’s Strategic Bitcoin Reserve Bill has passed its first committee review, indicating a growing institutional recognition of Bitcoin.
  • Bitcoin ETFs have seen over $1 billion in net inflows in the past three days, showing strong renewed institutional interest.

Brazil’s Strategic Bitcoin Reserve Bill has cleared its first committee review, marking a significant step in the adoption of the cryptocurrency.

The bill, introduced in November, suggests the creation of a national Bitcoin reserve. This would permit Brazil to assign up to 5% of its foreign exchange reserves to Bitcoin.

Bitcoin as a Store of Value

If the bill is approved, Brazil could become one of the first major economies to take such a step. Policymakers are starting to see Bitcoin more as a store of value rather than a speculative asset.

This move by Brazil mirrors strategies seen in other countries like El Salvador, but with a more institutional and structured approach.

Increasing Institutional Interest in Bitcoin

Alongside governments becoming more open to Bitcoin, corporate interest is also on the rise. This is particularly true among Japanese firms, which are traditionally cautious with investments.

On-chain data indicates these companies are buying more Bitcoin during recent dips. This increase in demand reflects a changing perception of Bitcoin as a long-term hedge against market uncertainty, rather than a risky bet.

Bitcoin ETFs have attracted more than $1 billion in net inflows over the past three days, according to CoinGlass data. This significant increase indicates strong renewed institutional interest, especially as prices reclaim the $110 milestone price level.

However, Bitcoin exchange inflows continue to show a cyclical pattern, with each accumulation phase often followed by brief sell-offs and price dips.

These cycles reflect short-term profit-taking. However, the downtrends are usually shallow and temporary, suggesting underlying strength. With exchange inflows declining over the past 24 hours, Bitcoin may be entering another accumulation phase, particularly if ETF demand remains strong and Asian corporate participation increases.

In conclusion, Bitcoin’s current period of consolidation seems more like a setup than a cooling-off. With policy changes, growing ETF inflows, and global corporate attention converging, the stage could be set for Bitcoin’s further rally.

Tags: Bitcoin (BTC)

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