Montana Becomes Fourth State to Pass Strategic Bitcoin Reserve Bill
A former executive of a cryptocurrency exchange stated that Bitcoin is an unavoidable reality, prompting discussions in the crypto community.
Bitcoin Reserve Bill
- The proposal for a US Strategic Bitcoin Reserve is gaining traction as several states work on localized versions.
- Montana's proposed House Bill No. 420 has passed, becoming the 4th state to advance legislation related to Bitcoin reserves, following Utah, Oklahoma, and Arizona.
- Representative Curtis Schomer sponsored the bill, which will move to a House floor vote.
No Escape
- Changpeng Zhao (CZ) commented on the Montana legislation, asserting that Bitcoin's adoption is inevitable: “There is no other choice.”
- CZ emphasized that individuals must decide when to buy Bitcoin, not if they should.
- A trader echoed this sentiment, stating that late adopters will pay a premium for delaying their investment.
BNB Donation
- CZ highlighted the importance of crypto donations for disaster relief and shared his experience of receiving returned donations with added crypto value.
- He previously donated 150 BNB worth $100,000 to victims of a pump-and-dump scheme involving the LIBRA coin.
- A university student who received the donation returned it with additional funds, suggesting profitable investments in BNB.