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👀 Currently, 20 states in the United States have active proposals to create their own Bitcoin Reserve, several of which are progressing. These bills contain legal obligations to purchase $23 billion in Bitcoin, which would create significant demand.
These bills may also encourage some states in the United States to invest their pension funds in Bitcoin, adding more demand. BTC is on the verge of a supply shock, so even a few successful bills could have a dramatic impact.
US states want Bitcoin reserves
Since President Trump first promised to create a United States Bitcoin Reserve, several states have attempted to develop their own BTC reserves. Matthew Sigel, Head of Digital Assets Research at VanEck, evaluated these proposals, looking for specific purchase obligations contained within them. He found many and determined that they could have a real impact on the price of Bitcoin.
#TokenReserve 🔥
$BTC $ETH $XRP
These bills may also encourage some states in the United States to invest their pension funds in Bitcoin, adding more demand. BTC is on the verge of a supply shock, so even a few successful bills could have a dramatic impact.
US states want Bitcoin reserves
Since President Trump first promised to create a United States Bitcoin Reserve, several states have attempted to develop their own BTC reserves. Matthew Sigel, Head of Digital Assets Research at VanEck, evaluated these proposals, looking for specific purchase obligations contained within them. He found many and determined that they could have a real impact on the price of Bitcoin.
#TokenReserve 🔥
$BTC $ETH $XRP
$Paws! 🐶💎 🐾
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NO MORE QUESTS PROMISE 👁!!
Farming season is almost over, and no more quests will be available soon.
(Maybe the last one only…)
Final check is waiting on PAWS Web - mandatory for the drop!
#PAWS HIGHER 🐾
Get 10% Friends Points!! Link in comments! ✨
NO MORE QUESTS PROMISE 👁!!
Farming season is almost over, and no more quests will be available soon.
(Maybe the last one only…)
Final check is waiting on PAWS Web - mandatory for the drop!
#PAWS HIGHER 🐾
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The future is in your hands! 🌟
This Crypto Box from Binance is your first step towards a world of opportunities, financial freedom, and revolutionary technology. 💎
May each crypto inside be a seed of prosperity and adventure in the blockchain universe! 🚀 #HODLTheFuture"
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💎The establishment of BTC reserves in the U.S. would further accelerate Bitcoin adoption more than the launches of exchange-traded funds (ETFs) in 2024, according to the crypto research firm CoinShares in a publication on January 10.💎
"We believe that the approval of the Bitcoin Act in the United States would have a deeper long-term impact on Bitcoin than the launch of ETFs," CoinShares stated.💥💥
"We believe that the approval of the Bitcoin Act in the United States would have a deeper long-term impact on Bitcoin than the launch of ETFs," CoinShares stated.💥💥
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