North Carolina Eyes Bitcoin as Strategic Reserve Asset in New Senate Bill
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North Carolina is considering a new Senate bill that would allow the state's Treasurer to allocate up to 10% of public funds to Bitcoin as part of a financial innovation strategy.
March 19, 2025 | 11:00 am
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North Carolina's proposed Senate bill could lead to increased demand for Bitcoin as the state considers allocating up to 10% of public funds to the cryptocurrency.
The bill indicates a potential increase in institutional demand for Bitcoin, which could positively impact its price. The allocation of public funds to Bitcoin by a state government is a significant endorsement of the cryptocurrency.
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