
Bill No. 4,501 of 2024, a document as grandiose as it is naive, proposes the establishment of the Sovereign Strategic Reserve of Bitcoins, or RESBit. A name that rolls off the tongue with the gravity of a state decree, yet carries the substance of a mirage. Federal Deputy Luiz Gastão, the architect of this scheme, and his scribe, Deputy Eros Biondini, seek to enshrine Bitcoin as a pillar of Brazil’s financial strategy. A cryptocurrency, born of the internet’s anarchic depths, is to be crowned a guardian of national wealth. What a spectacle!