Trends in state-level Bitcoin reserves: A long-term financial experiment
South Dakota's proposal to purchase Bitcoin once again highlights an undeniable trend: lawmakers are looking to diversify the public investment portfolio that has been underperforming. However, we should view this as an experimental process rather than an immediate turning point. Currently, only 3 states have actually enacted laws, and the level of implementation remains very limited. #anh_ba_cong
Bill HB 1155 allows for investment through both direct holding and ETF funds. This is a progressive step as it reduces the technical barriers for state governments. Investors should consider this as the "first bricks" in building a legal framework. That's how it is, the market needs stability and news like this helps reinforce long-term confidence rather than creating a sudden price surge. Watch how states like New Hampshire are set to issue bonds backed by Bitcoin to gain a more realistic view of how it operates. The shift from traditional stocks to digital assets within public funds is a process that spans decades, not something that happens overnight. $BTC
