The race to build a strategic Bitcoin reserve is heating up! While most of the talk has been around countries like El Salvador adopting Bitcoin and Trump’s talk about a Strategic Bitcoin Reserve, something just as interesting is happening. U.S. states are also starting to jump on the Bitcoin bandwagon, and the pace is picking up.
What’s Going On?
Several states have started the process of adding Bitcoin to their strategic reserves. In simple terms, that means state governments aren’t just watching Bitcoin from the sidelines anymore. They’re making moves to include it in their financial plans. Think of it like a savings account, but instead of just holding cash or gold, they’re considering Bitcoin.
Where Do We Stand Now?
Right now, states are at different stages of making Bitcoin part of their reserves. Some have openly supported the idea, others have introduced bills, and a few have even gotten those bills through important committee approvals. In some cases, all that’s left is a final vote in the House or Senate, which looks like it’ll pass without much fuss.
But it hasn’t been smooth sailing everywhere. Two states tried to set up a Strategic Bitcoin Reserve but hit roadblocks:
- Wyoming’s proposal (HB201) got stuck in committee.
- North Dakota’s proposal (HB1184) didn’t make it through a House vote.
Even with those setbacks, things are moving forward. Up to 18 states might start buying Bitcoin soon! If that happens, it could influence more than just the U.S. Other countries and regions might follow the lead. You can check the details in the below image:
Why Should You Care?
Here’s why this matters: governments and big institutions are slowly but surely moving towards Bitcoin. That’s a big deal because Bitcoin is known for being scarce—there’s a fixed supply of 21 million coins, and no one can create more. When governments start buying, it adds even more pressure to that limited supply.
Whether you’re just starting out with Bitcoin or have been investing for a while, these steps by state governments show that Bitcoin isn’t just a passing trend. It’s being looked at as a serious, long-term store of value—kind of like digital gold. This is a reminder that we’re still early in Bitcoin’s adoption journey.
So, the way we see it… It’s not really about IF states will adopt Bitcoin. The real question is WHEN.
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