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At least 13 US states are preparing laws for Bitcoin, which shows the growing importance of Bitcoin in the general economy.
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States like Ohio and Pennsylvania are offering variations backed by BTC to protect against USD declines and economic volatility.
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Around the world, countries like Japan and Switzerland are exploring Bitcoin reserves by following their company’s BTC strategies.
As Bitcoin emerges as a strong competitor to traditional assets like gold, the global debate about BTC’s role as a national reserve asset is growing.
President-elect Donald Trump has sparked a debate about Bitcoin stocks after endorsing Bitcoin as the “foundation of financial independence” in the United States.
Governments see Bitcoin as a financial saviour
Currently, at least 13 of the total 50 states in the United States are working to establish Bitcoin reserves, according to Satoshi Action Fund (SAC) CEO and founder Dennis Porter.
“I can confirm that at least 13 states are working on ‘Strategic Bitcoin Reserve’ legislation,” Porter tweeted on January 3. “January will be a record month for Bitcoin politics.” he said.
In November, Senator Cynthia Lummis proposed a Bitcoin depository in the United States. On his separate twitter page, Porter added that there will be a big political wave in Bitcoin in 2025.
“Another state senator emailed us and wants to introduce a ‘Strategic Bitcoin’ bill. The wave of Bitcoin politics is coming, and SatoshiActionFund is leading the way.” he said.
This news is not surprising, as many US lawmakers have already expressed support for Bitcoin stocks.
Derric Merin of Ohio said in December that as the U.S. dollar fell, Bitcoin offered a way to diversify state portfolios and protect public assets. He submitted a bill to the Ohio Treasury to create a Bitcoin reserve.
The Texas representative also introduced a BTC reserve bill in December. However, instead of buying Bitcoin directly, the bill would allow Texas to collect taxes, fees, and donations in BTC.
Similar laws have been passed in the states of Pennsylvania and Florida. Pennsylvania’s Bitcoin bill proposes to allocate up to 10 percent of the state’s $7 billion in Bitcoin treasury funds.
In fact, asset management company VanEck predicts that the United States could reduce its national debt by 36 percent by 2025 if it adopted Bitcoin reserves.
Discussions of Bitcoin stocks are also receiving international attention. Countries like Japan, Switzerland and Russia are trying to create BTC reserves. For example, cities like Vancouver have approved a plan to add Bitcoin to their financial reserves.
Interestingly, governments are not the only actors competing to acquire Bitcoin. MicroStrategy, Tesla, Marathon Digital, and many other companies are also collecting Bitcoin.
Global Interest in Bitcoin Storage Grows
The increase in Bitcoin reserves has also been seen in the international arena. Japan ve Switzerland Countries like them are exploring the potential of Bitcoin in their national financial structures and aligning these efforts with the strategies of large companies that have invested heavily in BTC.
Japan’s growing involvement in digital assets is noteworthy because it has historically been a major player in the cryptocurrency market. With the regulatory changes in advance, there is a high probability that Bitcoin will become an official part of the financial strategy.
Also, Switzerland, known for its strong financial laws, considers Bitcoin as a reserve asset. This move not only solidifies the country’s reputation as a block hub, but also attracts more institutional funding and raises the reputation of Bitcoin as a potential safe asset.
Corporate Insights and Bitcoin Adoption
In addition to governments, the corporate sector is also taking important steps to integrate Bitcoin into their financial reserves. MicroStrategy, Tesla ve Digital Marathon Companies like this are leading the way in expanding Bitcoin portfolios and see it as a counter to traditional inflation.
This change has sparked a debate about the impact of institutional Bitcoin investment on the wider economy; In particular, many companies have begun to allocate resources to Bitcoin as a legal asset class.
MicroStrategy, led by CEO Michael Saylor, has become an example of a successful Bitcoin crowdfunding strategy. Their Bitcoin pledge has encouraged other companies to consider adding digital assets to their coffers, further legitimizing BTC’s role in modern financial management.
Conclusion
In short, governments and countries recognizing Bitcoin as a valid reserve asset is an emerging trend, reflecting a major shift in the global financial landscape. As the debate about Bitcoin stocks has increased both in the United States and globally, the impact on public finances and corporate strategies is profound. The coming months and years will reveal the true impact of these initiatives; As more organizations adopt Bitcoin, it could redefine the concept of asset management in the growing digital economy.
