Bitcoin strategic reserve: Oklahoma opens the way, other states remain skeptical

After several speeches in favor of the integration of Bitcoin in the financial strategies of the United States, Oklahoma decided to take action with its project of “Bitcoin Strategic Reserve”. Although this initiative divides 50 states, some, like Oklahoma, adopt daring positions. The project could change the role of cryptos in public finances. However, not all eyes have yet turned to a Bitcoin future.

Bitcoin: Oklahoma takes a decisive step

Oklahoma, a state already familiar with digital assets, recently gave a big boost in terms of Bitcoin strategic reserve. On February 25, 2025, the HB 1203 lawOr “Strategic Bitcoin Reserve Act”was validated by the government commission of the State, on a favorable vote of 12 against 2. bill could allow the state ofInvest in digital assetsmainly Bitcoin, up to its public funds, including its retirement plans.

The objective? Use Bitcoin as a bulwark against inflation and economic policies deemed unstable.

The representative Cody Maynard, At the origin of the projectbelieves that BTC is a form of economic independence Faced with ” Bureaucrats who print currency ». The idea of ​​investing in a crypto as a strategic reserve is not unanimous, but Oklahoma seems to want to make a nose to detractors.

To date, Bitcoin is the only digital active that Capitalization exceeds $ 500 billionan essential criterion to be eligible for this strategic reserve.

A tweet from Dennis Porter, defender of the project, illustrates enthusiasm well:

“” The 'Strategic Bitcoin Reserve' passes in commission in Oklahoma with a vote of 12-2. Thanks to Cody Maynard for his leadership on this law. »»

It is therefore a first victory for supporters of Bitcoin as a statectory. But at what price?

The divided United States: BTC, a risky bet?

The path is not paved with roses for the Bitcoin strategy. If Oklahoma seems to want to open the way, Several other American states show signs of reluctance. Montana, southern Dakota, Pennsylvania and Wyoming have already rejected similar projects. In some of these states, prudence prevails over enthusiasm: the volatility of Bitcoin, more and more often criticized, arouses concerns.

Bitcoin has known vertiginous ascentsbut also Falls of several thousand dollars in a few daysa difficult phenomenon to ignore for public finance officials.

But then, why such a rejection?

Here are some answers:

• The volatility of cryptocurrencies worries states, especially those where public finances are fragile;
• Representatives are concerned about the fact that taxpayers' money is exposed to risks inherent in such a fluctuating market;
• The concerns of manipulation and centralization are often cited by detractors;
• Republican parties, which dominate in many states, are particularly refractory to this kind of investment, deemed too risky.

However, according to an analysis by Matthew Sigel, a financial expert, if all the bills in progress in 20 states were adopted, this could lead to Un purchase of $ 23 billionor nearly 247,000 BTC. These figures clearly show that the United States could ultimately strengthen its exposure to bitcoin.

Oklahoma has always been a fervent defender of disruptive technologies. By seeking to attract Bitcoin minors and adopting laws such as the “Digital Asset Mining Act of 2022”, the State shows its support for cryptocurrencies and wants its place in the digital future.