Texas Lieutenant Governor's Bold Claim: Bitcoin Will Ignite the State's Digital Dominance!

Texas Lieutenant Governor Dan Patrick recently made a shocking declaration: Bitcoin is the "nuclear weapon" for the state's march towards a digital future! He fully supports the smooth passage of Senate Bill 21, which will position Texas at the forefront of Bitcoin reserves. Patrick stated that Bitcoin is not just an investment but will become the cornerstone of Texas’s economic boom.

Texas's Head Start: Building a Bitcoin Fortress

On Thursday, Texas legislators passed the bill with bipartisan support, authorizing the state auditor to establish an independent reserve fund specifically for Bitcoin investments. The bill restricts investments to digital assets with a market value exceeding 500 billion dollars—currently, only Bitcoin meets this criterion. Patrick is confident: "This will put Texas at the forefront of the digital economy!" He also supports Trump's grand vision of making the U.S. a "crypto superpower," claiming that Texas has already taken the first step.

“Digital Gold” Sparks Debate

In his statement, Patrick said, "The scarcity and decentralization of Bitcoin make it a strategic trump card for Texas." He even hopes other states will follow suit, igniting a nationwide Bitcoin reserve craze. The bill's proponent, Senator Charles Schwertner, emphasized that, amid inflation and debt crises, Bitcoin reserves are not only an economic barrier but also a strong rebuttal to federal policy failures.

National Contest: Who Will Take the Challenge?

Looking nationwide, New Hampshire has just passed a similar bill with overwhelming support, allowing 5% of state funds to be allocated to Bitcoin. At least 15 states have proposed related measures, but five states, including Pennsylvania, have faced setbacks due to opposition. Opponents, such as law professor Hillary Allen, warn that such reserves will only enrich a few players and question their value foundation. However, Patrick remains unfazed, insisting that Texas will lead the trend.

Trump Steps Up, White House Summit Set

Meanwhile, Trump is set to convene a White House crypto summit, rumored to officially announce a national Bitcoin reserve plan funded by confiscated assets. The bold rhetoric from the Texas Lieutenant Governor clearly resonates with this national strategy. Can Texas leverage the Bitcoin storm to become the "heart" of America's digital economy? This game has just begun!