Texas in the United States has approved the establishment of a state-controlled Bitcoin reserve bill

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AI Summary

Texas' approval of the Bitcoin Reserve Act indicates its recognition of Bitcoin as a reserve asset, which will attract more institutional investment in the future. This move may promote the further development and stability of the cryptocurrency market.

According to Odaily Planet Daily, market analyst Linh Tran stated that the cryptocurrency rebound is due to a favorable macro environment and institutional inflows. The weakening of the dollar has increased the attractiveness of Bitcoin. Tran pointed out that Texas in the United States has approved the establishment of a state-controlled Bitcoin reserve bill, indicating that the legislature's acceptance of Bitcoin as a long-term reserve asset is increasing.

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Texas in the United States has approved the establishment of a state-controlled Bitcoin reserve bill

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