Simply put, why Texas's Bitcoin strategic reserve is very important for itself, and Texas has been working hard to promote it.
SB121 passed in the House, proposing the establishment of Texas's Bitcoin strategic reserve,
with funding sources including state budget allocations, donations, and investment returns. The reserve will be managed by the state comptroller,
and can be used to hedge financial risks, technology research and development, education, etc., covering all aspects.
Texas has a complete energy supply chain, known in the crypto field as a positive flywheel: Bitcoin mining → load regulation → electricity arbitrage.
As a hard energy state with abundant wind, solar, and natural gas resources, adding Bitcoin reserves to the state government is equivalent to being self-sufficient, creating a complete value closed loop.
As long as energy and $BTC reserves are bound together, Texas's Bitcoin reserves can basically be called a true long-term benefit.
Especially with the subsequent tax reduction policies of the U.S. government, once oil and gas tax revenues decline, $BTC appreciation + miner electricity fees = maintaining state government financial income, avoiding significant drops in financial revenue due to the uncertainty of Trump's policies.
Moreover, global de-dollarization is also driving more countries and regions to establish Bitcoin reserves, with most miners joking that Texas will soon become the Salvador of the United States.
