A legislator in North Carolina has introduced a bill to allow investments in cryptocurrencies.
Investment Criteria and Limitations
The bill allows investments only in cryptocurrencies recognized as exchange-traded products, with a market value of at least $750 billion over the past 12 months. Currently, only Bitcoin meets these criteria. Investments are capped at 10% of the fund's total balance.
The Bill and Its Impact
The initiative aims to increase the returns of the state's investment fund and position it as a leader in technology. Destin Hall stated that it ensures financial stability and opens new opportunities.
A New Trend in the U.S.
North Carolina joins other states like Texas and Ohio, which are also considering establishing Bitcoin reserves.
North Carolina's initiative could herald a new era in state investment strategies, creating new opportunities in the cryptocurrency sector.
