📈 Historic rise of Bitcoin driven by government policies
Bitcoin recorded a historic jump surpassing the $111,000 barrier for the first time, in a bullish wave directly linked to increasing institutional and sovereign adoption of the digital asset. The main driver of this surge was Texas passing Bill SB21, which incorporates Bitcoin into the state's investment strategy. The market interpreted this decision as a clear signal that digital currencies are beginning to transition from mere speculative assets to sovereign tools with real financial weight.
🏛️ Content of Bill SB21: Official recognition of Bitcoin as a reserve asset
The bill stipulates the creation of a special fund outside the public treasury to manage the state's investments in digital assets, requiring that the asset to be invested in has surpassed an average market value of $500 billion over 12 months — which currently applies only to Bitcoin. The government is entitled to purchase Bitcoin, store it in cold wallets, contract with custodians, and use advanced strategies such as derivatives and staking if they yield a protected return.
💰 Financing and Oversight: Transparency in digital sovereign investment
The fund is financed through three sources: legislative allocations, donations from Texas residents, and investment profits. An advisory committee of 5 members (including the financial accountant and experts in digital currencies) has been established to monitor performance and provide detailed reports every two years, including the amount of Bitcoin held, trading volume, and market assessments. The reserve may also be temporarily used in cases of financial emergencies, provided that the funds are returned with interest.
🌍 Beyond the decision: A digital sovereign wave or just an experiment?
Texas has become the third state after Arizona and New Hampshire to officially adopt Bitcoin within its financial strategy. This trend aligns with a proposed federal bill (BITCOIN Act) aimed at establishing a Bitcoin reserve at the national level. However, the real challenge remains in market volatility, regulatory ambiguity, and the potential conflict of interest with the traditional monetary system. Nevertheless, this could be the actual beginning of a gradual shift in the global monetary balance of power.
