⚡First Strategic Reserve of Bitcoin⚡

New Hampshire has enacted law HB 302, becoming the first American state to create a Strategic Reserve of Bitcoin and Digital Assets.

The law allows the state treasury to allocate up to 5% of its funds to digital assets with a market capitalization exceeding 500 billion dollars, currently only #Bitcoin. It will take effect in 60 days.

Setting the bar at half a trillion excludes many projects, arguing that this eliminates #memecoins from the equation, but in the end, there are "protocols" that will come to light with private capital funding.

The strategic reserve is good news from an institutional standpoint, but there are things that technology has not come to change, and that depend on the same old players.

That #ETFs are a financial lever is nothing new. But do they offer the same thing? Or does one financial instrument feed into another?