Texas Goes All In on Bitcoin! đ Will Other States Follow?
Texas just took a huge leap into the crypto world! Governor Greg Abbott signed a bill creating the Texas Strategic Bitcoin Reserve â a state-managed fund holding Bitcoin as a long-term investment. đ„
Think of it as Texas betting big on Bitcoin to boost its financial stability and hedge against inflation. Only cryptos with a massive market cap (over $500 billion) qualify, and right now, that's just Bitcoin.
The fund can grow through purchases, airdrops, or even donations! Texas is now the third state to approve a Bitcoin reserve law, but the first to commit public funds and create a separate holding structure. Arizona and New Hampshire watch out! đ„
With companies like Nakamoto Holdings and The Blockchain Group adding Bitcoin to their treasuries, is this the start of a massive trend? đ€
What do you think of Texas's bold move?
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