- The legislation aims to create a state Bitcoin reserve as part of the state’s treasury alongside gold and traditional assets.
- The bill focuses on securing digital assets through trusted custodians and qualified ETPs to ensure Bitcoin’s safe storage and management.
- If bill passes, it could set a example for other U.S. states and countries, leading to a significant increase in Bitcoin adoption.
It all started with last year’s election days in Q4,2024 when Trump made pro-crypto promises in his campaign, and one such was the Bitcoin stockpile. Since he won, the anticipated pro-crypto government fueled Bitcoin’s price beyond$108K for the first time and made history.
As seen as a hedge against inflation-based instruments, its popularity and adoption skyrocketed, with institutions and nations showing the highest interest. Now, everyone is chasing to take Bitcoin’s share for their treasury reserves.
However, in the US, this race of adoption started in their promising states. In a recent development, New Hampshire is making waves in the crypto world with the introduction of a new bill proposing the creation of a state level Bitcoin reserve…