Bitcoin could see $23 billion inflow if these 18 states pass bills to establish crypto reserves

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Bitcoin could see $23 billion inflow if these 18 states pass bills to establish crypto reserves

If all 20 bills introduced in 18 states to establish state-level bitcoin reserves are enacted, it could potentially lead to the  buying of more than $23 billion worth of bitcoin — or some 247,000 bitcoins in total — and drive up the crypto’s price.

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New Crypto Boom: US States Eye Bitcoin Reserves for Explosive Growth in the Digital Currency Market - Market-News24

Twenty U.S. states, including Oklahoma, Texas, and Massachusetts, are considering Bitcoin reserve bills, with North Carolina planning to invest over $2.6 billion in Bitcoin purchases. If these proposals pass, the states could collectively acquire around 247,000 Bitcoins, potentially worth $23 billion. This move is seen as a positive development for the cryptocurrency industry, as it ...

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20 US States Propose Bitcoin Reserve Bills, Potentially Buying 247K BTC

The latest report shared by VanEck’s head of digital assets research highlights the details of the Bitcoin reserve proposals introduced by 20 US states.  According to him, the approval of all bills could see at least $23 billion entering the crypto market.  A report posted by the head of digital assets research at VanEck, Matthew Sigel, has disclosed that 20 out of the existing 50 states in the US have submitted bills for strategic Bitcoin (BTC)…

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New Crypto to Explode as 20 US States Consider Bitcoin Reserve

While implementing a strategic Bitcoin reserve on a federal level isn’t easy, 20 US states have proposed their own Bitcoin bills. This includes Oklahoma, Massachusetts, Ohio, Texas, and Illinois. North Carolina plans to allocate the largest sum to $BTC purchases, over $2.6B. If passed, these 20 US states would collectively buy roughly 247,000 $BTC, worth... The post New Crypto to Explode as 20 US States Consider Bitcoin Reserve appeared first on…

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20 US State Bitcoin Reserves could alone drive $23B inflow as more follow

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Twenty US States Consider Bitcoin Reserve Legislation Worth $23 Billion

Twenty state legislatures across the United States are reviewing bills that would establish bitcoin and digital asset reserves, with potential investments reaching $23 billion, according to research from asset management firm Vaneck.Matthew Sigel, head of digital assets research at Vaneck, released findings on February 12 showing that if passed, these bills could result in the purchase of approximately 247,000 bitcoins. We analyzed 20 state-leve…