#NorthCarolina has just become the latest state in the US to consider allocating public funds into Bitcoin (BTC), following the growing trend of cryptocurrency investment across many states nationwide.
North Carolina Wants to Invest 10% of Public Funds into Bitcoin
A new bill backed by House Speaker Destin Hall has just been introduced, proposing to use up to 10% of the state’s general fund and highway fund to invest in digital assets. However, only assets with extremely large market capitalization qualify, and currently, only Bitcoin (BTC) meets this criterion.
According to Mr. Hall, Bitcoin not only has high profit potential but also helps North Carolina become a center for financial technology innovation.
Many States Have Led the Way
North Carolina is not the first state to show interest in crypto. Several other states have invested pension funds in this market, notably:
✅ Wisconsin
✅ Florida
✅ Michigan
Additionally, 23 other states are considering investing in crypto, including:
⚡ Oklahoma
⚡ Texas
⚡ Pennsylvania
⚡ Utah – which is making the fastest progress as the reserve fund bill#bitcoin has been passed by the House and is awaiting Senate approval.
Where Did This Trend Come From?
This move is not coincidental but has been strongly promoted during President Donald Trump's administration. He signed an executive order encouraging the government to explore the accumulation of cryptocurrency as a strategic reserve. The US Congress also has a related bill, but it has not yet been passed.
Will Crypto Become a Strategic Asset?
If this trend continues, many states may use public funds to invest in crypto as part of a long-term financial strategy. However, the cryptocurrency market is still very volatile, and this decision carries significant risks.
Nevertheless, with the growing interest from states and federal governments, crypto is gradually being recognized as an important asset in the modern economy. 🚀 #anhbacong