An analysis by Vaneck reveals that twenty American states plan to acquire Bitcoin reserves, for a potential amount of $ 23 billion. This initiative could lead to the purchase of 247,000 BTC if the bills are adopted.
20 American states about to invest in massively in Bitcoin
Matthew Sigel, research manager at Vaneck, published a detailed analysis on February 12 on February 12 on Bitcoin bills in different American states.
L'study identified 20 legislative proposals aimed at creating Bitcoin strategic reserves. These initiatives, if they lead, would represent a collective investment of $ 23 billion, or around 247,000 BTC.
This figure could even be underestimated, as Sigel points out, because some states have not yet specified the exact amount of their potential investments. In addition, this analysis does not include any purchases by state pension funds, which could significantly increase total demand.
The movement is part of a broader trend in institutional adoption of Bitcoin. More than 150 companies already accumulate Bitcoin positions, considering it as inflation protection according to Bitcointreasuries.net data. This dynamic testifies to growing confidence in the crypto as a reserve asset.
A national dynamic carried by Trump
The interest in Bitcoin as reserve assets also extends to the federal level. Donald Trump recently ordered his team to study the creation of a national Bitcoin strategic reserve.
According to the New York Post of January 16, the project could even extend to other cryptocurrencies such as the USD Coin, Solana and XRP. The predictive market Kalshi estimates that Trump is making the creation of a Bitcoin national reserve this year.
Sector experts, including Coinshares, consider that the establishment of these reserves could have an even more significant impact than the launch of Bitcoin ETF in 2024. The company stresses that the promulgation of Bitcoin Act in the United States would have long-term repercussions deeper term on the adoption of cryptocurrency.
This historic movement of American states to Bitcoin as reserve assets marks a turning point in the institutional adoption of cryptos, with potentially major implications for the future of the American financial system.
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