Panama City mayor hints at creating Bitcoin reserve
Panama City Mayor Mayer Mizrachi has sparked speculation over a possible municipal Bitcoin reserve after posting the phrase “Bitcoin Reserve” to social media on May 16.
The brief message followed his meeting with Max Keiser and Stacy Herbert, two key architects of El Salvador’s national Bitcoin policy, reports Cointelegraph.
The timing of the post is drawing attention, coming just 11 days ahead of Mizrachi’s scheduled appearance at the Bitcoin 2025 conference in Las Vegas.
The mayor has not elaborated on any plans or legislation related to a city-level crypto reserve. However, Panama City already passed a measure earlier this year allowing citizens to pay taxes, fines, and fees using Bitcoin, Ether, and major stablecoins like USDT and USDC — pending the rollout of fiat conversion infrastructure.
El Salvador’s influence grows as Panama explores crypto path
Keiser and Herbert, both instrumental in developing El Salvador’s Bitcoin strategy, have been actively advising other governments across Central America. Their meeting with Mizrachi reportedly included discussions on renewable energy-powered Bitcoin mining and education initiatives. In a follow-up post, Keiser pointed to Panama’s hydroelectric capacity as a potential asset in the region’s expanding crypto infrastructure.
Herbert added that Panama City would soon integrate El Salvador’s “What is Money?” financial education program into its public library system, mirroring El Salvador’s own national push for Bitcoin literacy.
Global momentum builds around sovereign Bitcoin reserves
Mizrachi’s signal follows a growing international trend. U.S. states like Arizona and New Hampshire have recently passed Bitcoin reserve bills, while Ukraine is finalizing its own draft legislation to hold Bitcoin as a national asset. Though no formal legislative action has yet been taken in Panama, Mizrachi’s public alignment with El Salvador’s Bitcoin leadership underscores growing interest in regional crypto adoption at both city and state levels.
If Panama City does move forward with a reserve strategy, it would mark the first such initiative by a Latin American municipality — and add further momentum to Bitcoin’s push into public finance.
Recently we wrote that Ukraine may soon join the list of nations exploring Bitcoin as a strategic reserve asset, with lawmakers reportedly preparing legislation that would allow the country to hold crypto as part of its national reserves.
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