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The $PAWSE Token Launch Amplifies Solana’s Memecoin Dominance

By
Paul Ugbede Godwin
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0

The $PAWSE token, recently launched on the Solana blockchain, is associated with the deployer of the $WIF memecoin, a well-known dog-themed token. According to posts on X, $PAWSE was deployed via Vertigo, a new decentralized exchange (DEX), with initial trading exclusive to their partner platform, Bullpen, for the first few hours, accompanied by high fees (up to 100% tax) for snipers attempting to trade elsewhere. This was designed to encourage fair launch dynamics, with no single holder owning more than 0.5% of the supply.

The token reportedly surged to a $130M market cap within the first hour of launch on June 17, 2025, though some X posts warn of potential risks, citing the $WIF deployer’s history of launching multiple tokens post-$WIF, some of which were less successful or labeled as scams. For instance, one user noted that $WIF itself faced a community takeover (CTO) after its developer “nuked” the project, urging caution with $PAWSE.

There’s no confirmed evidence from web sources about $PAWSE’s launch details or tokenomics, but X posts suggest support from prominent Solana figures like Anatoly Yakovenko (Toly, co-founder of Solana Labs) and Ansem, a crypto influencer tied to Bullpen. However, skepticism persists, with some users calling it a potential “egregious scam” due to the deployer’s track record. The contract address for $PAWSE is reported as PAWSEvC8zsXJVgBcVB3QRKfwd4P9FS6vbB963HsUEP6, and it’s described as a liquidity play with a $6M liquidity pool and a $13.6M market cap shortly after launch.

The launch of the $PAWSE token by the $WIF memecoin deployer has sparked significant debate within the Solana memecoin community, highlighting both opportunities and tensions. The $PAWSE launch, reportedly hitting a $130M market cap within an hour on June 17, 2025, underscores the speculative fervor driving Solana’s memecoin ecosystem. The use of Vertigo DEX and Bullpen’s exclusive trading window with high sniper taxes aimed to curb bot-driven dumps, promoting a “fair launch.” This approach could set a precedent for future memecoin launches seeking to balance hype with stability.

However, the rapid price surge also amplifies risks. Memecoins like $PAWSE, lacking intrinsic utility, rely heavily on community hype and influencer endorsements (e.g., Anatoly Yakovenko and Ansem). A sudden loss of momentum could lead to sharp crashes, as seen with other Solana memecoins post-hype post. The launch reinforces Solana’s position as the leading blockchain for memecoin activity, with its low fees and high transaction speeds (up to 65,000 TPS) enabling rapid trading and liquidity pool creation. The $6M liquidity pool for $PAWSE and its integration with platforms like Vertigo and Bullpen highlight Solana’s infrastructure advantages over competitors like Ethereum.

Yet, this focus on memecoins risks overshadowing Solana’s broader utility in DeFi, DePIN, or SocialFi, potentially pigeonholing it as a “memecoin casino.” Declining network revenue (down 93% since January 2025) and reduced DEX volumes suggest over-reliance on memecoin speculation could harm long-term sustainability. $PAWSE’s launch leveraged Solana’s vibrant community and high-profile endorsements, boosting its visibility. The involvement of figures like Toly and Ansem underscores the role of influencers in driving memecoin adoption.

However, this also raises concerns about manipulation. Influencer-driven pumps can attract retail investors who may face losses if early holders or “snipers” dump tokens post-launch. The high initial tax on non-Bullpen trades was meant to deter this but alienated some traders, creating friction. The $WIF deployer’s track record is a double-edged sword. While $WIF achieved significant success, its community takeover after the developer’s alleged abandonment and subsequent token launches (some labeled scams) cast a shadow over $PAWSE. This history fuels skepticism, with some calling $PAWSE a potential “egregious scam” despite its early traction.

Successful execution of $PAWSE could redeem the deployer’s reputation, but failure risks further eroding trust, impacting future projects tied to their name. Many see $PAWSE as a promising addition to Solana’s memecoin roster, citing its fair launch mechanics, significant liquidity ($6M pool), and endorsements from Solana heavyweights. Supporters argue it could replicate or surpass $WIF’s success, especially with no single holder owning more than 0.5% of the supply, reducing whale manipulation risks.

Users of Vertigo and Bullpen praise the launch’s structure, viewing it as a model for curbing sniper bots and fostering equitable distribution. They believe $PAWSE strengthens Solana’s memecoin dominance, attracting more developers and traders. Drawn by the $130M market cap spike and Solana’s bullish momentum (SOL hit $270 post-$TRUMP launch in January 2025), traders see $PAWSE as a high-reward opportunity in a hot market.

Many distrust the $WIF deployer due to past projects’ failures or alleged rug pulls. X posts highlight $WIF’s CTO and other tokens’ poor performance, warning that $PAWSE could follow suit. Critics argue the deployer’s history suggests profit-driven launches over long-term commitment. Some community members lament Solana’s memecoin obsession, arguing it detracts from building sustainable DeFi or utility-driven projects. They cite Messari’s analysis of Solana as a “memecoin economy” vulnerable to volume crashes. These purists view $PAWSE as another speculative distraction.

High taxes on non-Bullpen trades during the launch’s early hours frustrated snipers and retail traders, who felt excluded from initial gains. This sparked accusations of favoritism toward Bullpen users, deepening distrust. The divide reflects broader tensions in Solana’s ecosystem between “degen” memecoin enthusiasts and those advocating for fundamental-driven growth. While memecoins like $BONK and $WIF have onboarded users, scandals and rug pulls (e.g., Solana’s NFT era) have left lasting skepticism. $PAWSE’s outcome could either bridge or widen this gap.

Solana’s memecoin market cap ($9.73B as of June 2025) is volatile, with a 7.2% daily drop reported earlier. $PAWSE’s reliance on hype makes it susceptible to sharp corrections, especially if influencer support wanes or if the deployer’s past catches up. High-profile memecoin launches, especially those tied to controversial figures or mechanics, could attract regulatory attention, impacting Solana’s broader ecosystem. The $TRUMP launch in January 2025 already strained network capacity, hinting at scalability concerns under memecoin-driven surges.

The $PAWSE token launch amplifies Solana’s memecoin dominance but exposes fault lines in its community. Optimists see it as a bold, well-structured project with massive potential, while skeptics fear it’s another fleeting hype cycle or worse, a scam. The divide hinges on trust in the $WIF deployer, Solana’s long-term vision, and the sustainability of memecoin mania.

Kraken’s Potential $DOG Listing Could Drive Significant Price Momentum

By
Paul Ugbede Godwin
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0

Kraken has teased a potential listing for $DOG, a Bitcoin-based meme coin known as DOG•GO•TO•THE•MOON, which operates as a Runes token on the Bitcoin blockchain. On May 21, 2025, Jesse Powell, Kraken’s co-founder, hinted at the possibility of listing $DOG for spot trading, sparking excitement in the crypto community. This followed Kraken’s earlier listing of $DOG perpetual futures on November 14, 2024, which led to a price surge of over 30% within hours.

Posts on X, including from users like @LeonidasNFT and @cryptolution101, reflect strong community enthusiasm, with some claiming Kraken’s move could make it the first Tier 1 exchange to fully integrate the Runes protocol. However, Kraken has not confirmed a spot listing, and their policy is to avoid revealing details until shortly before launch. $DOG’s price has been volatile, trading at $0.0047 as of June 3, 2025, down from its all-time high but up significantly from its lows.

A confirmed spot listing could boost liquidity and accessibility, but investors should remain cautious due to meme coins’ inherent volatility. The potential listing of $DOG, a Bitcoin-based meme coin and Runes token, on Kraken has significant implications for the crypto market and highlights a growing divide within the crypto community. A Kraken spot listing would significantly boost $DOG’s liquidity, making it easier for investors, particularly in the U.S., to trade the token.

As noted by LeonidasNFT, Kraken’s status as a U.S.-regulated exchange could unlock the U.S. market, where $DOG is currently less accessible due to limited exchange support. This could drive demand and price appreciation, as seen with the 30% surge after Kraken’s futures listing on November 14, 2024. Wider accessibility could attract new retail and institutional investors, potentially increasing trading volume, which recently hit $19.3 million in 24 hours.

Listing $DOG on a Tier 1 exchange like Kraken would validate the Runes protocol, a new token standard on Bitcoin’s blockchain designed for efficient fungible tokens. This could shift perceptions of Bitcoin beyond a store of value, challenging the “Bitcoin maximalist” narrative that prioritizes BTC’s purity. It may encourage other exchanges (e.g., Binance, Coinbase) to list Runes tokens, fostering ecosystem growth and increasing transaction fees for Bitcoin miners post-halving.

Meme coins like $DOG are highly volatile, with a 10% surge following the futures listing but a subsequent -23.9% drop in a week due to market corrections. A spot listing could amplify speculative trading, attracting momentum traders but also increasing risks of sharp price swings, as seen when $DOG hit $0.0099749 in December 2024 but later fell to $0.0047 by June 3, 2025.

The listing could create a “pump and dump” scenario, where early investors or speculators sell off at peak prices, leaving retail investors vulnerable. $DOG’s decentralized, community-driven model—no presale, no team allocation, and a fair airdrop to 75,000 Runestone holders—has fostered strong community engagement. A Kraken listing could amplify this, as organic hype on platforms like X drives further adoption. Partnerships, like with Nashville Hot Chicken for $DOG payments, could gain traction, enhancing real-world utility.

Kraken’s history with regulatory scrutiny, such as the SEC lawsuit in November 2023 for commingling funds and operating an unregistered securities exchange, suggests potential risks for $DOG traders if regulatory issues persist. The unregulated nature of meme coins like $DOG means investors may lack protections, and market manipulation remains a concern.

Some Bitcoin purists argue that Bitcoin should remain a store of value and medium of exchange, free from speculative tokens like $DOG. They view Runes and meme coins as cluttering the blockchain with “junk UTXOs,” potentially increasing transaction fees and confirmation times. This group may see Kraken’s listing as legitimizing a trend that dilutes Bitcoin’s core purpose.

Supporters, including @LeonidasNFT and the $DOG community, see Runes as expanding Bitcoin’s utility, attracting new users, and increasing miner revenue post-halving. They argue that $DOG’s fair launch and decentralization align with Satoshi Nakamoto’s vision of a permissionless, community-driven system. The listing is viewed as a step toward mainstream adoption of Bitcoin-based tokens.

LeonidasNFT has voiced frustration on X, accusing Tier 1 centralized exchanges (CEXs) like Kraken of favoring “scam” tokens with insider allocations over fair projects like $DOG. This reflects a broader divide between those who see CEXs as gatekeepers profiting from selective listings and those who view them as necessary for liquidity and adoption. Others, including traders and investors, welcome Kraken’s potential listing for its ability to provide access and credibility.

The futures listing already boosted $DOG’s visibility, and a spot listing could further bridge the gap between decentralized projects and mainstream markets. Many traders are drawn to $DOG for its short-term price potential, fueled by listing hype and social media buzz. X posts show bullish sentiment (62.3% of tweets). The $DOG community, including “DOG Army” members, emphasizes its role as a “Bitcoin mascot” and a tool for onboarding millions to Bitcoin.

Some in the crypto community dismiss $DOG as another volatile meme coin lacking intrinsic value, comparing it to SHIB or PEPE but with less established infrastructure. They argue that its reliance on community hype and lack of paid promotions could limit sustained growth. Supporters highlight $DOG’s unique position as a Bitcoin-native meme coin, secured by Bitcoin’s Layer 1 and backed by a fair, transparent airdrop. They see it as a revolutionary project that could outshine Ethereum-based meme coins, with Kraken’s listing as a catalyst.

Kraken’s potential $DOG listing could drive significant price momentum, enhance Runes’ legitimacy, and onboard new users to Bitcoin’s ecosystem, but it also carries risks of volatility and regulatory challenges. The divide in the crypto community—between maximalists and Runes advocates, CEX critics and supporters, speculators and long-term holders, and meme coin skeptics and enthusiasts—reflects broader tensions about Bitcoin’s purpose and the role of centralized platforms in a decentralized ecosystem.

OpenAI Sam Altman: AI Is Smarter Than Ever, But Society Seems Unfazed

By
Samuel Nwite
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0

OpenAI CEO Sam Altman says his predictions about the trajectory of artificial intelligence have largely proven correct. What has surprised him, however, is not the technology’s development—but society’s muted response to it.

Speaking on a recent episode of Uncapped with Jack Altman, the OpenAI chief reflected on how far generative AI has come. He believes the company’s latest language model, known as o3, demonstrates reasoning ability on par with a human Ph.D. across many subject domains. But despite the groundbreaking nature of such capabilities, Altman said it feels as though the world hasn’t quite caught up emotionally or institutionally.

“The models can now do the kind of reasoning in a particular domain you’d expect a Ph.D. in that field to be able to do,” Altman said. “And we’re like, ‘Oh okay…’ and we’re not that impressed. It’s crazy.”

Altman admitted he expected society to feel more changed—perhaps even shaken—by the rollout of these highly capable systems. Tools like ChatGPT have entered widespread use across the globe, augmenting everything from corporate workflows to scientific research. Yet everyday life, he noted, remains relatively stable and recognizable.

“If I told you in 2020, ‘We’re going to make something like ChatGPT that’s as smart as a Ph.D. student, and deploy it to a significant portion of the world who use it regularly,’ you’d think the world would look way more different than it does right now,” he said.

Altman believes OpenAI has effectively “cracked” reasoning—a cornerstone of human-level intelligence—and that this is reflected in o3’s performance on math problems, logic tasks, and coding challenges that would traditionally demand years of study and expertise.

However, he concedes that AI remains a co-pilot for now, not a driver. In his view, the real shift will come when AI becomes capable of acting autonomously. For example, AI systems helping scientists triple their productivity are significant, but the game-changer will be when the AI itself can independently conduct research or discover new scientific principles.

“We don’t have AI maybe autonomously doing science,” he said. “But if a human scientist is three times as productive using o3, that’s still a pretty big deal… and as that keeps going… figure out novel physics…”

Is Altman Worried About the Risks?

Unlike other AI leaders—such as Anthropic’s Dario Amodei or DeepMind’s Demis Hassabis—who have publicly warned about catastrophic risks from superintelligent systems, Altman downplayed fears of existential doom. Instead, he acknowledged concerns that are more grounded, even mundane.

“I don’t know about way riskier,” he said, referring to powerful future models. “It gets riskier in sillier ways. Like, I’d be afraid to have a humanoid robot walking around my house that might fall on my baby, unless I really, really trusted it.”

Altman pointed out that damaging outcomes don’t always require high-tech sci-fi scenarios. The ability to cause large-scale disruption—from cyberattacks to bioweapons—can be executed without robotics or even general AI.

But he admitted that beyond the capability frontier, the societal picture remains murky.

“I think we will get to extremely smart and capable models—capable of discovering important new ideas, capable of automating huge amounts of work. But I feel totally confused about what society looks like if that happens,” he said.

Maybe in The Future, With more Capable Models

Altman’s comments highlight a growing disconnect between AI’s actual capabilities and public perception. For a technology now underpinning everything from legal research to code generation, public discourse remains relatively subdued. That gap, he suggests, may soon narrow.

But while AI insiders continue to push boundaries, Altman said it’s time for a broader conversation—not just about what the technology can do, but how society should adapt to and benefit from it.

“Maybe at this point more people should be talking about: how do we make sure society gets the value out of this?” he concluded.

Altman, long at the forefront of the AI boom, remains bullish on progress. But even he is unsure what a future shaped by autonomous, Ph.D.-level AI might actually look like—or how prepared the world will be when it finally arrives.

Would you switch jobs for $100 million? Mark Zuckerberg hopes so — if you’re a top-flight AI researcher, that is. The Meta CEO has tried to poach staffers from OpenAI and Google DeepMind for his new “superintelligence” unit with compensation packages worth more than $100 million, according to OpenAI chief Sam Altman. But so far, Altman added, “none of our best people have decided to take him up on that.” Altman said his employees believe OpenAI has the best shot at achieving artificial general intelligence.

OpenSea Partners With MoonPay For Fiat Card NFT Purchases

By
Paul Ugbede Godwin
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0

The partnership between OpenSea, the leading NFT marketplace, partner with MoonPay for fiat NFT Purchases, a crypto payment solutions provider, allows users to purchase NFTs using credit/debit cards, Apple Pay, and Google Pay, bypassing the need to acquire cryptocurrency first. This has significant implications for the NFT market and intersects with the broader crypto ecosystem, including speculative assets like $DOG (a Bitcoin-based Runes token teased for listing by Kraken). Below, I explore these implications and how they relate to the divide in the crypto community, as seen with $DOG.

By enabling fiat payments, OpenSea’s integration with MoonPay simplifies the NFT purchasing process for non-crypto natives, who previously needed to navigate crypto exchanges and wallets. Users can now buy NFTs directly with Visa, MasterCard, American Express, Apple Pay, or Google Pay, with transactions processed on-chain. This move broadens OpenSea’s user base, potentially onboarding millions who lack crypto knowledge, as MoonPay’s CEO Ivan Soto-Wright noted, aiming to “unlock ownership and onboard the world to Web3.” This could increase NFT trading volume, which hit $5 billion in January 2022.

Similar to how Kraken’s potential $DOG listing could make Bitcoin Runes more accessible, OpenSea’s fiat integration reduces friction for speculative assets. Both initiatives aim to attract mainstream users, but $DOG’s volatility as a meme coin contrasts with NFTs’ focus on unique digital assets. MoonPay’s NFT Checkout service, launched in January 2022, allows instant NFT purchases without requiring users to leave OpenSea’s platform or pre-fund a wallet with crypto. Users pay a 3.5% processing fee (minimum $3.99), with gas fees for blockchain transactions.

Kraken’s $DOG listing could similarly simplify access to Bitcoin-based tokens, but unlike NFTs, $DOG lacks intrinsic utility, relying on community hype. OpenSea’s fiat integration is more user-friendly for tangible assets like digital art, while $DOG’s appeal is speculative, potentially amplifying price swings. OpenSea’s fiat payments could reduce the NFT market’s dependence on crypto price fluctuations (e.g., ETH rose 12.4% in March, making NFTs pricier). This stabilizes NFT pricing for fiat users, potentially boosting sales.

$DOG’s price, tied to Bitcoin’s blockchain, is highly volatile (e.g., 30% surge post-Kraken futures listing, then -23.9% in a week). A Kraken spot listing could mirror OpenSea’s goal of decoupling speculative assets from crypto volatility by increasing liquidity, but meme coins remain riskier than NFTs. The NFT space faces issues like plagiarism, wash trading, and money laundering, and fiat payments could attract stricter regulations to protect investors. MoonPay’s KYC requirements (e.g., identity verification for purchases over $7,500) aim to mitigate risks.

Kraken’s regulatory challenges (e.g., SEC lawsuit in 2023) highlight similar risks for $DOG. Both OpenSea and Kraken must navigate compliance, but $DOG’s decentralized, community-driven nature may complicate oversight compared to NFTs’ clearer ownership records. OpenSea’s move follows similar integrations by competitors like Nifty Gateway and Coinbase NFT (partnered with Mastercard). This pressures other platforms to adopt fiat payments to remain competitive.

Kraken’s potential $DOG listing positions it as a pioneer among Tier 1 exchanges for Runes tokens, akin to OpenSea’s early adoption of fiat for NFTs. However, $DOG faces competition from other meme coins, and its success depends on community momentum rather than established utility like NFTs. The OpenSea-MoonPay partnership, like Kraken’s $DOG listing tease, amplifies ideological and practical divides in the crypto space, reflecting tensions between accessibility, decentralization, and speculation.

Crypto purists, especially Bitcoin maximalists, argue that fiat integrations (like OpenSea’s) and speculative tokens (like $DOG) dilute the decentralized ethos of blockchain. They prioritize crypto-native transactions and view fiat on-ramps as centralizing forces that invite regulation. Supporters, including OpenSea and $DOG communities, see fiat payments and accessible tokens as critical for mass adoption. X posts (e.g., @CryptoGorillaYT) praise OpenSea’s fiat checkout as a “key step toward onboarding the next wave of collectors,” mirroring $DOG enthusiasts’ view of its listing as expanding Bitcoin’s utility.

OpenSea’s fiat integration fuels speculative NFT purchases, as users can buy instantly without crypto knowledge. Similarly, $DOG’s listing could attract traders chasing short-term gains, as seen in its 30% pump post-futures listing. NFT collectors and $DOG’s “DOG Army” prioritize community and long-term value. OpenSea users may invest in art or utility-driven NFTs, while $DOG holders see it as Bitcoin’s “mascot” for onboarding users, despite its volatility.

Some dismiss OpenSea’s fiat payments as inflating an already speculative NFT market, prone to rug pulls and hacks (e.g., OpenSea’s 2022 phishing attacks). Similarly, $DOG skeptics view it as a hype-driven meme coin with no lasting value. OpenSea’s partnership is celebrated for making NFTs accessible (62% positive sentiment on X), while $DOG supporters see its Kraken listing as validating Bitcoin Runes’ potential.

OpenSea’s partnership with MoonPay, enabling fiat payments for NFTs, lowers barriers, boosts accessibility, and could stabilize NFT pricing, but it invites regulatory scrutiny and fees (3.5% minimum $3.99). Similarly, Kraken’s potential $DOG listing could drive liquidity and validate Runes, but its meme coin volatility poses risks. Both initiatives bridge crypto to mainstream audiences, yet they deepen divides between purists and adoption advocates, centralized platforms and decentralization purists, and speculators and long-term holders.

Brazil’s Strategic Bitcoin Reserve Bill Passes First Committee Review

By
Paul Ugbede Godwin
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0

Brazil’s Strategic Bitcoin Reserve Bill (PL 4501/2023) passed its first committee review in the Economic Development Committee of the Chamber of Deputies on June 12, 2025. Introduced by Deputy Eros Biondini, the bill proposes creating a “Sovereign Strategic Bitcoin Reserve” (RESBiT), allowing up to 5% of Brazil’s foreign exchange reserves—approximately $18.5 billion—to be allocated to Bitcoin. The initiative aims to diversify national assets, hedge against inflation and geopolitical risks, and support Brazil’s upcoming digital currency, Drex, using blockchain and AI for transaction integrity.

The bill advocates a cautious, gradual approach, with Bitcoin stored in secure cold wallets and monitored by experts to prevent fraud. It now faces review by the technology, constitution, and finance committees before moving to a full congressional vote and potential approval by President Lula. If passed, Brazil would be the second Latin American country after El Salvador to hold Bitcoin in its national reserves, marking a significant step in institutional cryptocurrency adoption.

Allocating up to 5% of Brazil’s foreign exchange reserves ($18.5 billion) to Bitcoin could hedge against inflation and currency devaluation, given Bitcoin’s fixed supply of 21 million coins. However, Bitcoin’s volatility—price swings of 20-30% in weeks—poses risks to reserve stability. If passed, Brazil would join El Salvador as a pioneer in holding Bitcoin as a national asset, potentially inspiring other emerging economies to follow. This could increase institutional demand, driving Bitcoin’s price higher (current price ~$103,000, up 2.45% in 24 hours as of June 18, 2025).

The bill ties Bitcoin to Brazil’s digital currency, Drex, leveraging blockchain for transparency. This could enhance trust in Drex and position Brazil as a leader in digital finance in Latin America. Large-scale Bitcoin purchases by Brazil could trigger short-term price spikes, while any future sales could cause market dips, impacting global crypto investors. Holding Bitcoin could lessen reliance on the U.S. dollar, aligning with BRICS nations’ (Brazil, Russia, India, China, South Africa) push for alternative reserve assets amid geopolitical tensions.

Adopting Bitcoin may signal Brazil’s openness to innovation, attracting crypto-friendly investors and businesses. However, it risks criticism from traditional financial institutions like the IMF, which has warned against crypto reserves due to volatility. Bitcoin’s price appreciation could bolster Brazil’s fiscal position if managed well, but losses could strain public trust and government budgets.

The bill’s emphasis on secure storage (cold wallets) and expert oversight could spur robust crypto regulations, fostering a safer environment for domestic blockchain innovation. With 30% of Brazilians owning crypto (per 2024 surveys), the bill may resonate with younger, tech-savvy voters but alienate others wary of speculative assets.

Brazilian crypto communities on X celebrate the bill as a “game-changer,” arguing it validates Bitcoin’s legitimacy and could drive mass adoption. They highlight its potential to protect against inflation (Brazil’s IPCA inflation was 4.42% in 2024). Figures like Deputy Eros Biondini view Bitcoin as a tool for economic modernization, aligning with Brazil’s tech ambitions (e.g., Drex). They argue it could attract foreign investment and position Brazil as a crypto hub.

Polls show 18-34-year-olds in Brazil are twice as likely to support crypto policies, seeing Bitcoin as a hedge against economic instability (e.g., 2015-2016 recession). Brazil’s central bank and economists like Roberto Campos Neto (former central bank governor) express skepticism, citing Bitcoin’s lack of intrinsic value and risks to monetary policy. They fear losses could destabilize reserves needed for debt servicing ($400 billion external debt in 2024).

Some in President Lula’s coalition worry about political fallout from a volatile asset. Lula’s administration has prioritized fiscal discipline, and Bitcoin’s unpredictability could undermine this. Brazilians over 50, less familiar with crypto (only 10% ownership per 2024 data), view Bitcoin as speculative and risky, preferring traditional assets like gold or dollars.

The debate mirrors global crypto divides, with supporters emphasizing innovation and sovereignty, while critics focus on stability and systemic risks. If the bill passes, Brazil could see increased crypto investment and blockchain development but faces risks of market crashes or international pushback. Failure to pass could slow Brazil’s crypto ambitions, maintaining the status quo but avoiding speculative risks. The bill’s multi-committee review suggests a long road ahead, with amendments likely.

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