Michaela
Mayer Mizrachi, mayor of Panama City, has seemingly expressed support for creating a city-level Bitcoin reserve after meeting with two of El Salvador’s leading Bitcoin policy officials this week.
In a brief post on X, Mizrachi wrote “Bitcoin Reserve” following his meeting with prominent Bitcoin advocates Max Keiser and Stacy Herbert. He did not provide further details about the discussion.
The timing of Mizrachi’s post is notable, coming just over a week before the Bitcoin 2025 conference in Las Vegas, where he is slated to deliver a speech.
On April 15, 2025, the Panama City Council approved a measure allowing residents to pay taxes, fees, permits, and fines using Bitcoin (BTC), Ethereum (ETH), as well as stablecoins such as USD Coin (USDC) and Tether (USDT).
The move positions Panama City as a regional leader in cryptocurrency adoption and reflects a growing trend of municipalities worldwide incorporating blockchain technology into their financial frameworks.
Governments across the globe now collectively possess more than 463,700 Bitcoin, representing roughly 2.3% of the cryptocurrency’s total circulating supply, according to a CoinGecko report published on April 28.
The report also noted El Salvador’s expanding national Bitcoin treasury, which has reached 6,135 BTC through its policy of consistent daily acquisitions—an effort closely tied to the country’s broader Bitcoin integration strategy.
El Salvador continues to stand out as the sole country actively acquiring Bitcoin on a daily basis, having accumulated 6,135 BTC to date as part of its sovereign reserve approach.
As more cities and nations explore the role of digital assets in their financial strategies, the conversation around sovereign crypto reserves is likely to intensify. The potential for Bitcoin to serve as both a hedge against inflation and a tool for economic modernization has attracted interest far beyond the crypto-native community.
From public sector experiments to grassroots advocacy, the integration of blockchain-based assets into municipal and national frameworks signals a shift in how value and policy may intersect in the digital age.
Read More
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- Arizona Governor Blocks Bitcoin Reserve Bill, Critics Warn of Loss
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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
