Panama City Mayor Considers Bitcoin Reserve Following Meeting with El Salvador Officials

According to ShibDaily, Mayer Mizrachi, the mayor of Panama City, has hinted at the possibility of establishing a Bitcoin reserve at the city level. This development follows his recent meeting with Max Keiser and Stacy Herbert, two prominent figures in El Salvador's Bitcoin policy. Mizrachi shared a brief post on social media platform X, simply stating "Bitcoin Reserve," without providing further details about the discussions that took place. The timing of Mizrachi's post is significant, as it comes just over a week before he is scheduled to speak at the Bitcoin 2025 conference in Las Vegas. This move aligns with Panama City's progressive stance on cryptocurrency, as evidenced by the Panama City Council's decision on April 15, 2025, to allow residents to pay taxes, fees, permits, and fines using Bitcoin, Ethereum, and stablecoins like USD Coin and Tether. This decision positions Panama City as a leader in cryptocurrency adoption in the region and reflects a broader trend of municipalities worldwide integrating blockchain technology into their financial systems. Globally, governments now collectively hold over 463,700 Bitcoin, which accounts for approximately 2.3% of the total circulating supply of the cryptocurrency, as reported by CoinGecko on April 28. El Salvador, in particular, has been expanding its national Bitcoin treasury, amassing 6,135 BTC through a policy of consistent daily acquisitions. This effort is part of the country's broader strategy to integrate Bitcoin into its national financial framework. El Salvador remains the only nation actively purchasing Bitcoin daily as part of its sovereign reserve strategy. As more cities and countries explore the potential role of digital assets in their financial strategies, the discussion around sovereign crypto reserves is expected to grow. Bitcoin's potential to act as a hedge against inflation and a tool for economic modernization has garnered interest beyond the traditional crypto community. 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. This article is intended for informational purposes only and should not be considered financial advice. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.