INSUBCONTINENT EXCLUSIVE:
A recent report by investment firm VanEck reveals that 20 United States states are considering legislation to create Bitcoin reserves,
potentially investing a combined $23 billion in the cryptocurrency.If enacted, these proposals could lead to the purchase of approximately
247,000 Bitcoins, signaling a growing embrace of digital assets by state governments
under evaluation, states have taken the lead with their own initiatives
Oklahoma, for instance, proposes allocating 10% of its $14.7 billion state funding sources to Bitcoin, which could result in acquiring over
with specific percentages of their budgets.United States States Eye $23 Billion Bitcoin Investment with Strategic Reserve Plans
Some state proposals lack defined allocation percentages, leaving room for potentially larger investments.Governments Embrace Bitcoin Amid
Inflation ConcernsAdditionally, the report does not account for purchases by state pension funds, which began investing in Bitcoin after the
approval of cryptocurrency ETFs in 2024 and are expected to increase their holdings.These efforts reflect a broader trend of governments
viewing Bitcoin as a hedge against inflation and a tool for portfolio diversification
asset.If these initiatives proceed, they could significantly impact the cryptocurrency market by increasing demand and potentially driving
The moves may also encourage institutional investors and other stakeholders to deepen their involvement in digital assets.Whether or not all
reshape how governments manage reserves.
