Quick Summary
Mayor of Panama City Mayer Mizrachi flirts with the idea of Bitcoin buffer through social media.
Mizrachi interviewed El Salvador Bitcoin leaders Max Keiser and Stacy Herbert.
Panama City is ready to face Bitcoin, Ether, Tether, and USDC.
The meeting included issues concerning financial education and mining of Bitcoins.
Panama can also take the example of El Salvador, which possesses more than 6,100 BTC (over 640M).
Strategy and Metaplanet are among the public companies who are constantly increasing their Bitcoin wallets.
What we know about the Bitcoin Buzz in Panama
There has been a flurry of speculation in the crypto community as Panama City Mayor Mayer Mizrachi Tweeted an enigmatic post on X, consisting of nothing but one word, Bitcoin Reserve. The post was published after chatting with Max Keiser and Stacy Herbert who are key figures in the national Bitcoin strategy in El Salvador.
There is still no official information however, but the timing, right before Mizrachi speaks at Bitcoin 2025 in Las Vegas, indicates perhaps something large is in the works.
How to transition Conversation to Crypto Policy?
Keiser reports that during their meeting with the mayor, they discussed such aspects as Bitcoin mining and financial education. Mizrachi will also turn Panama City crypto-friendly with Bitcoin, Ethereum, Tether (USDT), and USD Coin (USDC) as means of payment to the municipal services, in case of the presence of a fiat-to-crypto system of payment.
Making an official reserve by the crypto Bitcoin however would demand more than a tweet, it would necessitate the approval of the Panama National Assembly. Such proposal is yet to be publicized.
Not only is it written in small writing, but it also discloses the answer to my question in the heading of the book:
Education First: What Is Money?
“We have your Bitcoin-focused financial literacy textbook, What is Money? included in Panama City in their online education portal, which points to Panama possibly getting ready to implement the crypto on a larger scale, and this is a good sign that this country may take a Bitcoin-forward direction in the future,” said Stacy Herbert in charge of the Bitcoin Office of El Salvador.
Corporate Momentum and Global Momentum
The potential shift by Panama takes place as the world takes more care about Bitcoin reserves. The U.S has proposed a similar reserve plan in both Arizona and New Hampshire. In the meantime, Ukraine is also considering Bitcoins as one of their national reserves.
Bitcoin is on the rise in the corporate environment. Strategy written by Michael Saylor will see this firm increase capital-raising to a level of 84 billion in order to acquire additional BTC, through issuing 21 billion of new stock and extending on debt offerings.
In the same manner, Japan-based Metaplanet has recently purchased 1,241 BTC ($126M) which has raised its total supply to 6,796 BTC currently valued at more than 706 million dollars.
What’s Next?
Mayor Mizrachi has not taken any formal action, so far. This, however, could be a set-up with a cryptic post titled “Bitcoin Reserve” to which the talks of El Salvador Bitcoin strategists are joined by international speeches in the near future signaling that Panama City is possibly setting up a big play of Bitcoin.
Stay tuned. The crypto capital of the future may literally be nearer than we imagine.