Brazil has passed its Bitcoin Reserve Bill, signaling growing institutional acceptance of Bitcoin. Should it pass, the country can allocate up to 5% of its foreign exchange reserves to BTC, marking a pioneering step among major economies.
The surge of over 1 billion USD in ETF inflows and the increased buying of BTC by Japanese firms reflect a bullish sentiment in the market. This suggests Bitcoin is increasingly viewed as a long-term store of value rather than just a speculative asset.
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