Bitcoin reserve bills advance in New Hampshire, Florida
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New Hampshire and Florida have advanced legislative bills that would allow their state treasurers to invest up to 10% of certain state funds into Bitcoin. New Hampshire passed HB302 with a 192-179 vote, while Florida's House Insurance and Banking Committee unanimously passed HB487. These bills would only allow investment in cryptocurrencies with a market cap over $500 billion, currently only applicable to Bitcoin.
April 11, 2025 | 3:15 am
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Legislative advances in New Hampshire and Florida signal growing institutional acceptance of Bitcoin as a potential state treasury asset, potentially increasing investor confidence.
Multiple states considering Bitcoin reserves indicates increasing institutional acceptance, which could drive investor confidence and potentially increase Bitcoin's value.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90