The crypto market experienced a decline over the weekend, with Bitcoin dropping to $95,000 after recently nearing $100,000. Yet, interest in Bitcoin reserves grows internationally.
Bitcoin Falls After Approaching $100,000
Bitcoin has fallen back to $95,000 after recently nearing $100,000. This drop also impacted altcoins, leading to minor price decreases. However, there's been an increase in trading activity following the weekend slump.
Montana's Rejection and Its Implications
Montana's House Representatives voted against a Bitcoin Reserve Bill, which aimed to include Bitcoin and other digital assets as state reserve assets. One representative expressed concern about safeguarding taxpayers' money, citing high investment risks. The bill's sponsor, Curtis Schomer, argued the real risk lies in not passing the bill.
Global Trend Towards Bitcoin Strategic Reserves
In other U.S. states, plans are underway to introduce up to 20 Strategic Bitcoin reserves by January 2025. Internationally, countries like Russia and the South African firm AltVest Capital are also exploring the concept, highlighting a global trend.
Interest in Bitcoin and digital assets continues to grow domestically and internationally, indicating potential shifts in financial policy and regulation.
