New Hampshire has become the first U.S. state to permit investments in cryptocurrency and precious metals after Governor Kelly Ayotte signed House Bill 302 into law. This bill allows the state’s treasury to invest in cryptocurrencies with market capitalizations over $500 billion, promoting New Hampshire as a pioneer in the digital asset space. Meanwhile, Binance founder Changpeng ‘CZ’ Zhao predicts Bitcoin could reach between $500,000 and $1 million in this market cycle, thanks partly to the increasing institutional investment and the rise of Bitcoin ETFs. In contrast, Florida has withdrawn its own strategic Bitcoin reserve bills, halting progress on potential state-level crypto investments. This legislative move reflects a broader struggle among states to establish crypto reserves, with Florida's bills postponed indefinitely as legislative priorities have shifted elsewhere. Zhao's bullish sentiment follows reports of countries like El Salvador and Bhutan accumulating Bitcoin, indicating a growing institutional and governmental acceptance of digital currencies.

Source 🔗