New Hampshire Goes Full Bitcoin Standard—Who’s Next?

Live free or die just got a crypto twist. New Hampshire quietly passed a ’Bitcoin Reserve’ law—letting state treasury holdings diversify into BTC. No fanfare, no Wall Street approval—just cold, hard code cutting out middlemen.

Why it matters: States now have a playbook to hedge against dollar debasement without waiting for D.C.’s dysfunctional circus. Expect copycats in pro-crypto states like Texas and Florida within 12 months.

The cynical take: Pension funds will still allocate 1% to ’de-risk’ while dumping the rest into blackrock’s bitcoin ETF. Some decentralization.

New Hampshire Bitcoin reserve

The bill was lifted from Satoshi Action Fund, a Bitcoin advocacy group. According to the advocacy firm, the passage allows the state to create a Bitcoin and Digital Asset Reserve Fund. 

Per the passed bill (HB 302), the state can buy BTC or any other digital asset with a market cap above $500 billion.

The assets will be held via custodians or an ETF (exchange-traded fund) and capped at 5% of the total state funds. 

For his part, ETF Store’s Nate Geraci praised the update as a warning shot to those who still believe ‘crypto is a scam.’

“And you still think crypto is a scam. Time to pay attention.”

Source: X (Excerpt of the strategic Bitcoin reserve law) 

Arizona and New Hampshire were top contenders in the heated state race for the strategic BTC reserve.

However, Arizona’s bill was vetoed by the governor, citing risks to retirement funds. 

Source: Bitcoin Laws 

The New Hampshire Bitcoin law will take effect after sixty days. Simply put, the market will be eager to learn the amount the state will allocate for its first BTC buy by July 2025.

It remains to be seen whether North Carolina (NC) and Texas (TX) will follow suit.