North Carolina Proposes Bill to Add Bitcoin to Reserves

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North Carolina, led by Speaker of the House Destin Hall, has introduced a new bill to invest public money into cryptocurrency.

This move, which is part of a larger trend with 18 other states exploring similar measures, would allocate up to 10% of the state’s general and highway funds into digital assets, specifically those with a high market capitalization like Bitcoin.

Hall believes that investing in cryptocurrency not only has the potential to generate positive returns but also showcases the state’s commitment to technological advancement and innovation.

Wisconsin and Michigan have already integrated crypto into their public employee retirement portfolios, and two more states are currently considering following suit, bringing the total to 23 states carefully considering this investment opportunity.