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Reading: Panama City mayor hints at Bitcoin reserve following meeting with El Salvador advisors
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The cryptonews hub > Blog > Trending News > Panama City mayor hints at Bitcoin reserve following meeting with El Salvador advisors
Trending News

Panama City mayor hints at Bitcoin reserve following meeting with El Salvador advisors

Crypto Team
Last updated: May 16, 2025 11:02 pm
Crypto Team
Published: May 16, 2025
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wp header logo 474 Panama City mayor hints at Bitcoin reserve following meeting with El Salvador advisors

“Bitcoin reserve.”

The cryptic post followed his meeting with Max Keiser and Stacy Herbert, two of the key architects behind El Salvador’s Bitcoin policy. Keiser currently serves as President Nayib Bukele’s Bitcoin advisor, while Herbert leads the country’s Bitcoin Office.

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El Salvador has implemented a Bitcoin-forward financial strategy to accumulate the top crypto for its reserves. As of May 15, El Salvador holds 6,178 BTC, valued at around $644 million.

Although the content of their discussion remains private, the timing of the post suggests that the idea of a Bitcoin reserve may have been on the agenda.

“Bitcoin is transforming Central America. El Salvador’s geothermal & Panama’s hydro-electric will power the Bitcoin revolution.”

Beyond hints of a reserve, Panama City has already made notable strides in crypto adoption.

This makes Panama City the first government institution in the country to accept crypto and one of the earliest adopters worldwide in public administration.

The book aims to educate students and teachers on financial principles through the lens of Bitcoin, signaling a long-term plan to boost digital literacy among the youth.

source

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