Approximately 20 U.S. states, alongside the federal government, are considering the establishment of Bitcoin reserves. An analysis by asset manager VanEck indicates that if proposed laws are enacted, it could result in around $23 billion in demand for Bitcoin, necessitating state governments to purchase about 247,000 BTC. This figure might be conservative as many states' reserve bill sizes remain unspecified. The head of research at VanEck, Matthew Sigel, noted that the analysis does not account for potential BTC acquisitions by state pension funds, which could further increase demand. The push for Bitcoin reserves highlights Bitcoin's rise toward being recognized as a mainstream reserve asset, fueled by institutional and government adoption. Furthermore, U.S. President Donald Trump has directed his team to investigate the feasibility of a national strategic Bitcoin reserve, possibly to be part of a broader initiative that may include other cryptocurrencies. Experts suggest that implementing the Bitcoin Act would have a more significant long-term effect on Bitcoin than the launching of ETFs.

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