Is Panama City About to Revolutionize Bitcoin? Mayor Teases Wild Digital Reserve Move!

by

In the unfolding drama of cryptocurrency, Panama City’s mayor, the ever-so-persistent Mayer Mizrachi, casually dropped a bombshell on social media this week, hinting at a potential city-level Bitcoin fund. It all started with a single cryptic tweet. Who knew a mere line could stir such chaos?

On May 16, the mayor posted “Bitcoin Reserve” on X, just after a tête-à-tête with Max Keiser and Stacy Herbert—two individuals whose names echo through the cryptocurrency universe, mostly because of their pivotal role in El Salvador’s Bitcoin escapade.

The Spark that Ignited the Fire

Sources close to the action revealed that Mizrachi met with Keiser and Herbert to deliberate over the intricacies of Bitcoin policy. A conversation that, apparently, left more questions than answers. No shocking revelations—just some intriguing silence from the mayor. A true master of suspense.

But here’s the kicker: the timing. The tweet came just before Mizrachi’s grand departure for the Bitcoin 2025 conference in Las Vegas. You know, just a casual “keep your eyes peeled, something’s brewing” kind of move. Classic politician move—always leave them guessing.

Bitcoin Reserve

— Mayer Mizrachi (@Mayer) May 16, 2025

The Legal Labyrinth Ahead

For Panama City to officially adopt a Bitcoin reserve, the National Assembly must first cast a vote. Yes, that’s right—a vote. And considering how long these processes tend to drag on, we might be waiting until the next century to hear anything concrete.

Committees will need to research the concept. Debates, amendments, and budget evaluations will stretch this out to a thrilling episode. Only then could the city ever hope to hold even a single Satoshi on its books.

Panama City to introduce El Salvador’s “What is Money” financial literacy schoolbooks to their new digital libraries.

A regional Central American bitcoin block is emerging!

— Stacy Herbert (@stacyherbert) May 15, 2025

Energy: The New Frontier for Bitcoin

Energy discussions were also a key part of the chat. Keiser, always thinking ahead, highlighted Panama’s untapped hydroelectric potential and compared it to El Salvador’s geothermal energy. Why not use green, cheap power to run Bitcoin mining rigs? It sounds like a dream—using clean energy for an ultra-modern digital currency. Too bad it requires a series of permits, grid updates, and more bureaucracy than you can shake a stick at.


The Crypto Payments Revolution

Let’s not forget Mizrachi’s earlier proclamation that Panama City would soon accept Bitcoin, Ether, Tether, and USDC as soon as the payments system is ready. But, of course, first they need to build the necessary infrastructure. Think of it as a digital metamorphosis. Crypto-to-fiat rails, banks, fintech partners… all part of the grand design. And don’t forget about secure wallets to store the precious digital coins. Ah, the future!

Corporate Bitcoin Mania

It’s not just governments trying to keep up with the Bitcoin frenzy. Public companies, like Strategy Corp. led by Michael Saylor, are deep in the game. Strategy Corp. has announced they’ll raise a whopping $84 billion to buy more Bitcoin—yes, $84 billion! They’ve also raised their debt limit to an almost comical $42 billion, with $14.6 billion still available to play with. Meanwhile, Metaplanet, a company no one ever heard of, has added another 1,240 BTC to its growing stash. Now, that’s just the beginning. Publicly listed firms have reportedly increased their Bitcoin holdings by 15% in Q1 alone. Who said Bitcoin is just a side bet? It’s a core holding for these players now. Talk about a trend!

Read More

2025-05-20 05:15