New Hampshire joins the list of US states that will create their bitcoin (BTC) hoards. This Friday, the director of the Satoshi Act Fund, bitcoiner Dennis Porter, announced that another US state is set to have its own strategic bitcoin reserve.
According to Porter, a bill was introduced for the state of New Hampshire to create its own BTC treasury. The proposal was presented by local legislator, Keith Ammon.
With this initiative, New Hampshire officially becomes the fourth US state to create its strategic BTC reserve, provided the initiative is formally approved in the local Legislature.
In addition to New Hampshire, other states such as Pennsylvania, Texas and Ohio have proposed the creation of their own bitcoin reserves by presenting their respective bills, as reported by CriptoNoticias.
According to Porter, “four states have already introduced their legislation. More are to come.”
This announcement from New Hampshire follows a movement underway in the United States where the creation of strategic bitcoin reserves is gaining ground. In addition to these states, representatives of other entities such as Florida and Alabama have expressed a clear interest in having their own BTC reserves.
The issue of BTC reserves is booming in the United States, especially due to the upcoming inauguration of Donald Trump and his announcements about creating these treasuries.
It is speculated that Trump could opt for an express route to establish this reserve, that is, through an Executive Order of which a draft already exists, as this medium has reported.
Trump's proposal seeks to designate BTC as a strategic reserve asset to strengthen the US economy and financial position in the global market, taking advantage of the decentralized nature and limited supply of the digital currency.
The bill in New Hampshire, similar to those introduced in other states, seeks to have the state treasury invest in bitcoin, considering it a valuable asset for diversifying state reserves and as a tool to protect against inflation.
Ammon's initiative in New Hampshire, along with proposals in other states, reflects a growing trend toward the adoption and formal acceptance of bitcoin as a store of value at the government level. This trend is driven not only by the economic potential of BTC, but also by the vision of some legislators to position their states as leaders in financial innovation.
While Trump's proposal has not officially come to fruition, the favorable political environment toward cryptocurrencies, along with state initiatives, suggests a future in which bitcoin could play a crucial role in the financial strategies of US federal and local governments. .
Source: Jesús Herrera / Criptonoticias.
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