US States Move Toward Bitcoin Reserves, Could Trigger $23 Billion BTC Surge
Lawmakers in 20 U.S. states have introduced bills to create bitcoin and digital asset reserves, potentially triggering a $23 billion buying wave, or 247K BTC.
The proposed legislation includes allocations from general funds, stabilization reserves, and state treasuries. States like Arizona and Florida have outlined large investments, with Arizona proposing up to $8.7 billion.
While some states are still uncertain about their proposed amounts, the total impact could grow if pension funds join the initiative. This growing interest in state-level bitcoin reserves signals increasing acceptance of digital assets in government financial planning.
Clever Robot News Desk 13th February 2025
