Key Highlights:
- Mayor of Panama City, Mayer Mizrachi, hints at establishing a city-level Bitcoin reserve
- A cryptic post on X after meeting with El Salvador’s Bitcoin advisors sparked major speculation
- Discussions include crypto tax payments, green Bitcoin mining with hydro energy, and financial education
- First public details expected at Bitcoin 2025 conference in Las Vegas
Mysterious Hint Sparks Rumors
Following a meeting with Max Keiser and Stacy Herbert—El Salvador’s top crypto strategists—Panama City Mayor Mayer Mizrachi posted just two words on X:
Bitcoin Reserve
The post comes exactly 11 days before his scheduled speech at Bitcoin 2025—and analysts suggest it’s no coincidence. Although official details are still scarce, the timing and tone indicate a major announcement could be imminent. It’s possible Panama City will follow El Salvador’s example, which currently holds 6,179 BTC (~$640 million) in its national reserve.
Crypto Payments and Local Implementation
Panama City is already taking steps toward official crypto adoption. A newly passed resolution allows future use of:
…for paying taxes and municipal fees, provided a crypto-to-fiat conversion system is implemented.
Important Note: Establishing a national BTC reserve requires legislation from the National Assembly, which Mizrachi has not yet initiated.
Green Mining and Crypto Education
According to a post by Max Keiser, the discussions also included using Panama’s hydroelectric energy for “green” Bitcoin mining—similar to El Salvador’s geothermal-powered initiative.
Additionally, Panama City will integrate the book “What is Money?” into its digital library—the same textbook used in El Salvadoran schools to promote financial literacy—marking the city’s first step toward crypto education.
Conclusion: A Bitcoin Reserve on the Horizon?
Mayor Mayer Mizrachi clearly has a bullish stance on Bitcoin. But what actually unfolds will depend on his next moves at the national level. After the IMF’s pressure on El Salvador, Panama may proceed more cautiously.
Still, with his upcoming appearance at the Bitcoin 2025 conference in Las Vegas, the crypto world is watching closely—Panama City could soon emerge as the next Bitcoin capital of Central America.
Frequently Asked Questions
Find answers to the most common questions below.
Mayor Mayer Mizrachi posted “Bitcoin Reserve” after meeting with El Salvador’s crypto advisors, sparking speculation about a city-level BTC fund.
Yes. A new resolution allows Bitcoin, Ethereum, USDT, and USDC to be used for tax and fee payments, pending a crypto-to-fiat conversion system.
Discussions are underway about using Panama’s hydroelectric power for sustainable BTC mining, similar to El Salvador’s geothermal approach.
This article is for general informational purposes only and is not intended to be, and should not be construed as, legal or investment advice. Crypto-assets are highly volatile, so only invest funds that you are willing to lose and use your own research and risk management.
