Bitcoin

Brazil is a top-10 crypto-adopting market and a key LATAM liquidity hub; its fiscal credibility and currency stability influence regional stablecoin demand, exchange flows, and EM capital allocation. A weaker BRL typically accelerates retail demand for USD-pegged stablecoins and BTC as a hedge, while a more confrontational US-Brazil relationship (the 'Trump-shaped menace') could disrupt dollar access and push capital toward non-sovereign assets.

Brazilian President Luiz Inacio Lula da Silva begins an unprecedented fourth term facing a divided Brazil, an unfriendly Congress, weak public finances, and potential challenges from Donald Trump.