It seems Panama City is gearing up to become the next big thing in the Bitcoin world as Mayor Mayer Mizrachi drops an intriguing little breadcrumb about a potential city-level Bitcoin reserve. And by “breadcrumb,” I mean a highly cryptic, social media post that has set the crypto world abuzz. This teasing remark followed a high-profile pow-wow with none other than El Salvador’s crypto bigwigs.
A Glimpse into the Future? A Well-Timed Hint
The good Mayor, never one to keep his cards close to his chest, posted the words “Bitcoin Reserve” on X (formerly Twitter, but who’s counting?) shortly after an important meeting with El Salvador’s crypto policy czars, Max Keiser and Stacy Herbert. This, of course, happened just 11 days before his highly anticipated speech at Bitcoin 2025 in Las Vegas, which has led to all sorts of wild speculation.
Now, no official details have been spilled, but the timing and tone suggest something significant could be afoot—perhaps Panama City is about to follow El Salvador’s bold move and launch its own Bitcoin reserve, a treasure trove that could rival El Salvador’s own stash of 6,179 BTC, valued at a cool $640 million. 💰
Crypto Payments on the Horizon
In case anyone was wondering if Panama City is serious about this whole crypto thing, they’re already moving in that direction. A freshly approved measure could soon allow Bitcoin, Ethereum, Tether (USDT), and USDC to be used for public payments—yes, including taxes and those oh-so-charming municipal fees—once they set up some fancy crypto-to-fiat conversion systems.
However, before we start imagining Panama City as a full-fledged crypto kingdom, let’s remember that a city-level Bitcoin reserve is one thing, but a national reserve would require some serious legislation by the National Assembly. So, Mizrachi hasn’t quite pulled the trigger on that one yet, much to the disappointment of those who were hoping for instant results. ☕
- Also Read:
- Which Will Yield Bigger Gains: Buying Bitcoin or Bitcoin Treasury Stocks?
- …
Sustainable Bitcoin Mining & Crypto Education on the Cards
According to Max Keiser’s post (because, of course, Max Keiser is involved in everything crypto-related), the plan is to leverage Panama’s abundant hydroelectric energy for eco-friendly Bitcoin mining. This would put Panama on the map as a green crypto-mining hub, following in the geothermal-powered footsteps of El Salvador. Not bad, eh?
Oh, and let’s not forget the educational side of things. Stacy Herbert confirmed that Panama City will soon adopt El Salvador’s “What is Money?” financial literacy textbook into its online library. So, if you’ve ever wondered what a “fiat currency” is (and who hasn’t?), you might just get an answer from Panama’s virtual bookshelves. 📚
Conclusion
Mayor Mizrachi certainly seems to have a soft spot for the idea of a Bitcoin reserve. But before we all start planning our crypto vacations to Panama, let’s not get ahead of ourselves. A bit more clarity will likely emerge after he has his chats with national lawmakers. After all, with El Salvador recently causing a stir with the IMF over its Bitcoin policies, Panama may decide to take a more cautious route. However, with the Bitcoin 2025 Conference rapidly approaching and Mizrachi lined up to speak, the crypto world is watching with bated breath. 😮
Never Miss a Beat in the Crypto World!
Stay ahead of the curve with breaking news, expert analysis, and real-time updates on Bitcoin, altcoins, DeFi, NFTs, and all things crypto. Because, who doesn’t want to be in the know?
FAQs
Can citizens pay taxes with crypto in Panama City?
A new measure may soon allow crypto payments for taxes using BTC, ETH, USDT, and USDC once conversion systems are in place. (Yes, you can pay your taxes in Bitcoin. No, you cannot buy a yacht with it—yet.)
Will Panama adopt El Salvador’s crypto education model?
Yes, Panama City plans to include El Salvador’s “What is Money?” textbook in its online library for financial literacy. Now everyone can learn what money is—finally. 🤑
Read More
- DC: Dark Legion The Bleed & Hypertime Tracker Schedule
- All 6 ‘Final Destination’ Movies in Order
- Clair Obscur: Expedition 33 ending explained – Who should you side with?
- Netflix’s ‘You’ Season 5 Release Update Has Fans Worried
- 30 Best Couple/Wife Swap Movies You Need to See
- Franklin Templeton’s 2025 Crypto Predictions: BTC Reserves, Crypto ETFs, and More
- Eric André Was ‘Sniffed Thoroughly’ by a Dog and Unethically ‘Detained’ at the Melbourne Airport
- Marvel Announces What If? Season 3 With Phase 4 Characters Moon Knight, Shang-Chi, Iron Heart And White Vision During D23 Expo; DEETS
- Does Oblivion Remastered have mod support?
- Gold Rate Forecast
2025-05-17 16:08