Panama Considers Bitcoin Reserve Using Hydroelectric Power
- Panama City explores Bitcoin reserve using hydroelectric energy resources.
- Mayor Mizrachi met key El Salvador Bitcoin figures.
- Potential for Panama as a green crypto-mining hub.
Mayor Mayer Mizrachi of Panama City is contemplating the creation of a Bitcoin reserve powered by hydroelectric energy, inspired by El Salvador’s Bitcoin initiatives.
The potential reserve highlights Panama City’s interest in leveraging renewable energy for cryptocurrency, showcasing regional trends in Bitcoin adoption.
Panama Seeks Bitcoin Reserve with Hydroelectric Support
Panama City’s consideration of a Bitcoin reserve follows discussions with El Salvador’s Bitcoin team. Mayor Mizrachi’s social media hint in May 2025 sparked citywide crypto excitement.
Mayor Mizrachi, after consulting Max Keiser and Stacy Herbert, aims to harness hydroelectric resources similarly to El Salvador’s geothermal strategy, potentially revolutionizing Central America’s crypto landscape.
Panama City Targets Green Crypto-Mining Hub Status
The initiative could position Panama as a green crypto-mining hub, transforming renewable energy markets and attracting crypto enthusiasts and investments, fostering regional digital currency growth.
Financially, adopting a city-level Bitcoin reserve could introduce innovative monetary policies, requiring significant investment in infrastructure and education for effective implementation.
Panama’s Urban Cryptocurrency Strategy: Inspired by El Salvador
El Salvador’s national Bitcoin initiatives serve as a model. Differences lie in Panama’s city-centric approach, which could pioneer urban cryptocurrency integration.
Long-term effects speculate on a boost to Panama’s tech sector, aligning with global crypto trends while promoting sustainable, energy-efficient practices in cryptocurrency mining.
Max Keiser, Advisor to El Salvador’s President, “Bitcoin is transforming Central America. El Salvador’s geothermal & Panama’s hydro-electric will power the Bitcoin revolution.” – Bitcoinist
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