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Alabama and Minnesota Compete for Bitcoin Reserves: Will 'Digital Gold' Rise in the U.S.?
On 02/04/2025, Alabama and Minnesota took a further step towards legalizing Bitcoin as a state reserve asset, with companion bills in both chambers. Minnesota directly mentions Bitcoin, while Alabama sets the criterion that only Bitcoin qualifies. Will these states pave the way for Bitcoin to appear on the state 'balance sheet,' or is this just a passing trend?
Minnesota: The First Bitcoin Act
Minnesota: The First Bitcoin Act
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đ Alabama Auditor Proposes Strategic Bitcoin Reserve đ
Alabama State Auditor, Andrew Sorrell, has proposed the creation of a Strategic Bitcoin Reserve (SBR) to diversify the state's investment portfolio, improve its resilience to inflation, and strengthen its financial position. Sorrell believes that the long-term success of Bitcoin is inevitable and that this measure could help state governments address the risk of the US dollar losing its status as a global reserve currency. What do you think about this proposal and its potential impact on state and federal economies? đ¤đ°đ
#Bitcoin #Alabama $BTC
Alabama State Auditor, Andrew Sorrell, has proposed the creation of a Strategic Bitcoin Reserve (SBR) to diversify the state's investment portfolio, improve its resilience to inflation, and strengthen its financial position. Sorrell believes that the long-term success of Bitcoin is inevitable and that this measure could help state governments address the risk of the US dollar losing its status as a global reserve currency. What do you think about this proposal and its potential impact on state and federal economies? đ¤đ°đ
#Bitcoin #Alabama $BTC
đşđ¸ Alabama moves to invest state funds in #Bitcoin ! đ
đ Bills introduced in both chambersâcould this be the start of U.S. states adopting $BTC as a reserve asset?
#Crypto #Alabama #BitcoinReserve
đ Bills introduced in both chambersâcould this be the start of U.S. states adopting $BTC as a reserve asset?
#Crypto #Alabama #BitcoinReserve
đ¨ JUST IN: đşđ¸ Alabama moves to invest state funds in #Bitcoin! đ
đ Bills introduced in both chambersâcould this be the start of U.S. states adopting $BTC as a reserve asset?
#Crypto #Alabama #BitcoinReserve
đ Bills introduced in both chambersâcould this be the start of U.S. states adopting $BTC as a reserve asset?
#Crypto #Alabama #BitcoinReserve
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