New Hampshire, Arizona, and Texas now permit their treasuries to allocate funds to Bitcoin reserves. The recent legislation in New Hampshire allows up to 5% of public funds to be invested in Bitcoin, due to its substantial market cap. This move reflects an innovative approach amidst varying state definitions of Bitcoin reserves.
Despite these advancements, many states are hesitating due to fears regarding volatility and public fund safety. Efforts in five other states have failed while seventeen additional states are reviewing similar proposals, indicating a cautious but growing interest in Bitcoin reserves across the U.S.
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