New Hampshire and North Dakota Propose Bills for Bitcoin Reserves

New Hampshire and North Dakota have introduced bills to establish Bitcoin reserves in their state treasuries, utilizing a tech-neutral language that avoids direct mentions of Bitcoin. This approach aims to incorporate cryptocurrency into financial systems as part of broader economic strategies.

The goal is to diversify state funds against inflation and financial risks.
North Dakota's House Concurrent Resolution 3001 proposes including digital assets in the state's investment portfolio.
New Hampshire’s proposal features eligibility criteria requiring a market cap exceeding $500 billion, making Bitcoin the likely candidate.
Critics express concerns about the vagueness allowing other assets, while supporters argue it minimizes political opposition.
States like Texas, Florida, Pennsylvania, and Alabama are also exploring similar measures.
The U.S. government currently holds around 200,000 BTC, valued at $18 billion, but plans to sell over 69,000 BTC seized from the Silk Road.
Experts suggest the incoming administration may focus on Bitcoin as part of its financial strategy.