Panama City mayor teases Bitcoin reserve after meeting El Salvador's Bitcoin leaders
Panama City Mayor Mayer Mizrachi is considering establishing a city-level Bitcoin reserve following a meeting with El Salvador's Bitcoin policy leaders, Max Keiser and Stacy Herbert. Mizrachi's post on May 16 hinted at this initiative, coinciding with his upcoming speech at the Bitcoin 2025 conference in Las Vegas. A recent measure allows the use of cryptocurrencies for public payments in Panama City, including Bitcoin, Ether, Tether, and USDC. To create a Bitcoin reserve at the federal level, Mizrachi would need to work with Panama’s National Assembly, though no actions have been reported. Discussions among Mizrachi, Keiser, and Herbert included leveraging renewable energy for Bitcoin mining and integrating El Salvador’s financial literacy textbook into Panama City's library system. Keiser and Herbert have significantly influenced El Salvador's Bitcoin policy, which includes a reserve of 6,179 Bitcoin valued at approximately $640 million.
