As U.S. national debt exceeds $37 trillion and the USD loses purchasing power, a lawmaker in New Hampshire – Keith Ammon – is becoming a focal point for his bold policy: allowing the state to accumulate Bitcoin as a hedge against inflation.
National debt clock – a warning to carry with you
As a strong Bitcoin advocate, Congressman Keith Ammon does not just speak empty words. He carries a small device showing the real-time U.S. national debt, with the number increasing every millisecond. As of the most recent date, the U.S. national debt has surpassed $37 trillion.
According to Ammon, 'states tied to the dollar are also tightly bound to this massive debt. The only way for the federal government to escape this debt pile is to print more money, devaluing the currency so that the debt becomes 'cheaper' over time.'
New Hampshire – the first state to legalize Bitcoin accumulation
In early May 2025, #NewHampshire became the first U.S. state to pass legislation allowing the state to accumulate Bitcoin, one day before Arizona did the same. Texas is also considering a similar proposal, while several other states have declined due to concerns about White House policies.
Ammon said that the goal is not to go 'all in' on Bitcoin, but to allow the state treasury to allocate a small portion of assets to BTC and to periodically rebalance. He emphasized, 'If you dump everything into Bitcoin like in the Yosemite Sam cartoon, the state's credit rating will decline, causing borrowing costs to skyrocket.'
Protecting the state from the diminishing purchasing power of the USD
From Ammon's perspective, holding a portion of Bitcoin is a way for the state to hedge against currency depreciation, as the real value of the USD has lost 25% over the past four years. He emphasized, 'Every budget is inflated due to the weakening currency. If states want to survive, they must find ways to adapt.'
The race is not only between states but also with Washington
Ammon believes that the competition for Bitcoin accumulation is not only between states but also with the federal government, which will have to print money to cope with the ever-expanding deficit.
In agreement, Senator Rick Scott (Florida) recently opposed President #TRUMP 's 'Big, Beautiful Bill,' arguing that the legislation does not control the fiscal deficit.
What does the crypto market say?
This move shows that Bitcoin is not just a speculative asset but is gradually being viewed as a strategic reserve tool, especially as states face risks from national financial policies. In the context of USDX trading sideways in the range of 102 – 97.9 since April 10, 2025 (according to #FXCE ), it is understandable that states are turning to digital assets.
Warning: Cryptocurrency investments carry significant risks and are not suitable for everyone. Investors need to assess their risk tolerance and should not rely solely on digital assets for financial protection.