Panama City Mayor May Be Preparing to Form a Bitcoin Reserve
Date: 2025-05-19 Author: Henry Casey Categories: IN WORLD
Mayer Mizrahi, the mayor of the US city of Panama City, has attracted the attention of the crypto community by posting the laconic phrase "Bitcoin Reserve" on his social media accounts. Although no official statements have followed, the message has sparked speculation about the city's potential intention to create its own cryptocurrency reserve.
The publication appeared shortly after Mizrahi met with Max Keiser, an adviser to El Salvadoran President Naib Bukele on Bitcoin issues. El Salvador became the first country in the world to legalize Bitcoin as a means of payment, and continues to actively replenish its reserves with cryptocurrency. As of May 15, its treasury held 6,178 BTC, equivalent to about $644 million.
Kaiser himself published a post on the same day, in which he stated that El Salvador and Panama could play a key role in the future of Bitcoin. He noted that El Salvador has the potential to produce geothermal energy, and Panama has the potential to produce hydroelectric energy, and both countries could use these resources to support Bitcoin infrastructure.
Further proof of Panama City’s progressive approach to digital assets was a decision by the city council in April. According to the new regulation, city residents can now pay for various government services, including taxes, fines, and permits, using cryptocurrencies — specifically Bitcoin, Ethereum, and stablecoins.
This makes Panama City the first government body in the country to implement payments in digital currencies, and one of the first in the world to integrate cryptocurrency into municipal governance.
While there is no confirmation of any actual plans to create a Bitcoin reserve, such steps and statements indicate the city’s increasing openness to innovative financial instruments and its desire to take a leading position in the region’s crypto economy.
