State-Level Bitcoin Reserves Are Here. Here's What You Need to Know.
The state of New Hampshire signed a bill into law on May 6 that enables its state treasury to invest in digital assets like Bitcoin (CRYPTO: BTC). Arizona followed suit by signing a slightly different bill of its own into law on May 7. Now, there's yet another set of policy catalysts from which the digital coin's holders can benefit.Much like the federal government's Strategic Bitcoin Reserve (SBR), neither of these state-level reserves has been implemented as of yet. If they are, they could directly impact the coin's pricing and supply dynamics.Let's dive in and examine what these bills aim to do and why they matter.Continue reading
The state of New Hampshire signed a bill into law on May 6 that enables its state treasury to invest in digital assets like Bitcoin (CRYPTO: BTC). Arizona followed suit by signing a slightly different bill of its own into law on May 7. Now, there's yet another set of policy catalysts from which the digital coin's holders can benefit.
Much like the federal government's Strategic Bitcoin Reserve (SBR), neither of these state-level reserves has been implemented as of yet. If they are, they could directly impact the coin's pricing and supply dynamics.
Let's dive in and examine what these bills aim to do and why they matter.
