The mayor of Panama City, Mayer Mizrachi, indicated that it was constructing a Bitcoin reserve at town level in a cryptic post after his meeting with two by El Salvador's Bitcoin policy leader.
“Bitcoin reserve,” wrote Mizrachi on May 16 to X, after meeting the Bitcoiners Max Keiser and Stacy Herbert, based in El Salvador.
While Mizrachi didn’t share any details about his discussions with Keizer and Herbert, the time of the post was made 11 days before the Bitcoin 2025 conference in Las Vegas, where Mizrachi is imagined to speak.
Source: Mayer Mizrachi
The creation of a Bitcoin reserve in Panama City would follow a recently approved measure that permits using crypto for public payments, including taxes, fines and municipal fees.
Bitcoin (BTC), Ether (Eth), Tether (USDT) and USDC (USDC) are accepted as soon because the payment rails for crypto-to-fiat are set, Mizrachi said at the moment.
In order to push a Bitcoin reserve on the federal level, Mizrachi would must work with the National Assembly of Panama to create laws.
There is not any evidence that he has taken such measures.
Mizrachi's position follows the most recent settings of two Bitcoin reserve calculations within the US states of Arizona and New Hampshire.
According to reports, Ukraine also approaches the introduction of Bitcoin as a National Reserve Asset.
Mizrachi, Keizer and Herbert discussed Bitcoin Mining, Education
A contribution by Keiser suggests that the trio spoke about how Panama and El Salvador can use renewable energies to strengthen their Bitcoin mining processes.
“Bitcoin transforms Central America. El Salvador's hydroelectric will from Geothermal & Panama operates the Bitcoin revolution.”
Herbert also noticed that Panama City El Salvador's “What's money?” Will integrate to get money? Financial competence textbook in his online library system.
Keizer and Herbert played an important role within the production of El Salvador's Bitcoin policy, which incorporates a Bitcoin reserve, which consists of 6,179 Bitcoin (BTC) price almost 640 million US dollars.
Keizer acts as President Nayib Bukele's Bitcoin consultant, while Herbert heads the country's Bitcoin office.
