Brazilian government officials have stated that the <i>Strategic Sovereign Bitcoin Reserve</i> is crucial to the nation's prosperity.

BlockBeats News, March 29, according to Decrypt, Pedro Giocondo Gualberto, Chief of Staff to the Vice President of Brazil, stated that the "Strategic Sovereign Bitcoin Reserve" is crucial for the country's prosperity, emphasizing that it is a matter of public interest, and referred to Bitcoin as the "gold of the Internet." Previously, a Brazilian Liberal Party legislator proposed a bill suggesting that up to 5% of Brazil's foreign exchange reserves be allocated to Bitcoin.