#AltcoinRevolution2028
The role of Bitcoin as a reserve asset gains momentum in the U.S. as states adopt.
U.S. states are introducing Bitcoin reserve bills, fueling speculation about a global accumulation race as institutions and governments adopt BTC as a reserve asset.
The growing number of Bitcoin reserve proposals in the United States has fueled speculation about a possible global accumulation race, as early adopters could benefit from the monetary incentives of the cryptocurrency.
Kentucky became the sixteenth U.S. state to introduce legislation aimed at establishing a Bitcoin reserve that would allocate up to 10% of excess state reserves to digital assets, Cointelegraph reported on February 6.
Bitcoin is on track to "become a dominant reserve asset" thanks to the growing institutional and national adoption, according to Isaac Joshua, CEO of the cryptocurrency platform Gems Launchpad.
If the Kentucky bill is approved, it could trigger a "global race" to accumulate Bitcoin, Joshua told Cointelegraph, adding that:
"The tipping point will be when a state formally adopts BTC in reserves. After that, the game is likely to begin. Once a few truly commit, others will feel the pressure to follow."