Almost half of the U.S. states are investing or exploring investments in cryptocurrencies, particularly bitcoin and stablecoins, amidst growing interest spurred by President Trump’s support for a national digital asset stockpile. A CoinDesk analysis indicates that 21 states are already involved in such initiatives, while sixteen more are considering legislation for digital asset reserves or state retirement funds. States like Arizona and Texas are at the forefront, having passed relevant measures. This movement could tie millions of citizens and public employees to the volatile crypto markets through their retirement and pension funds. Critics, however, warn that such investments could jeopardize financial stability, especially for retirees. Legislative efforts are gaining momentum as the U.S. government also contemplates a national reserve, potentially alongside substantial state investments. The strategic adoption of bitcoin by state governments may fundamentally alter its perceived status from fringe to mainstream economic asset, mirroring historical reserves like gold and oil. Experts predict that increasing global interest in bitcoin by nations could signify a shift in how governments manage their financial strategies.

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