Bitcoin shows positive market growth again, encouraging global efforts to integrate it into economic reserves. In the US, strategic Bitcoin reserve bills are actively discussed.
Global Role of Bitcoin
Since the creation of Bitcoin's genesis block in 2009, its market value and popularity have grown significantly. Its limited supply and upward price trend have led to it being compared to gold. Countries worldwide are considering integrating Bitcoin into their national reserves.
Legislative Initiative in the US
Dennis Porter, CEO of Satoshi Action Fund, announced the introduction of up to 20 strategic Bitcoin reserve bills on a state level. These bills are based on Satoshi Action Fund models aiming to create Bitcoin reserves within months after becoming law. The legislative process involves numerous stages and considerable efforts, yet the state approach is expected to expedite the decision-making process.
Legislators' Competition
Amid aggressive competition among US legislators eager to make history, Satoshi Action Fund aims to simultaneously introduce multiple bills in different states to increase approval chances. The fast decision-making process at the state level means most states are expected to approve the corresponding law by summer. Notable politicians, including President-elect Donald Trump, pay particular attention to this issue as he advocates making the US the crypto capital of the world.
The implementation of strategic Bitcoin reserves in the US could radically change the approach to financial reserves and mark a significant step in integrating cryptocurrency into the global economy.
