New Hampshire Moves Closer to Bitcoin Treasury Reserves as House Passes Landmark Bill
The New Hampshire House of Representatives has taken a significant step toward adopting Bitcoin as part of its treasury reserves, passing a bill that could see the state allocate 10% of its funds to digital assets and precious metals. This development positions New Hampshire to potentially become the fourth U.S. state to embrace such a policy, signaling growing institutional acceptance of cryptocurrency.
New Hampshire House Approves Bitcoin Reserve Bill
The New Hampshire House of Representatives has passed House Bill 302, which would allow the state’s treasury to invest 10% of its funds in certain digital assets and precious metals, including Bitcoin (BTC), Gold, silver, and platinum. If passed by the Senate and approved by Governor Kelly Ayotte, the bill would make New Hampshire the fourth state to adopt such legislation, following Texas, Arizona, and Oklahoma.
BTC Accumulation Surge Sparks Potential Price Rally Discussion
Bitcoin price saw a major accumulation surge with a single-day increase of $3.6 billion on April 9, 2025. This marked the largest inflow since February 1, 2022, with 48,575 BTC received by accumulation addresses. CryptoQuant noted that such large inflows suggest strategic buying behavior from long-term holders, igniting market discussions about a potential Bitcoin price surge amidst market uncertainty.
Swiss Franc and Gold Outpace Bitcoin as Safe Havens
Investors are turning to the Swiss franc and gold as safe-haven assets amid ongoing stock and bond market turmoil. The USD/CHF exchange rate has tumbled to 0.8100, marking a 12% decline from its highest point in 2024 and making the Swiss franc one of the best-performing currencies this year. This performance is attributed to Switzerland’s neutrality and banking secrecy laws. In contrast, the U.S. dollar has tumbled to 2018 lows. The Swiss National Bank (SNB), a major investor in U.S. markets, holds substantial positions in top American companies and is the tenth-biggest holder of US Treasury bonds. Gold has also emerged as a top haven asset.
Gold and Bonds’ Safe Haven Status Questioned as Bitcoin Emerges
The traditional idea of ’safe haven’ assets, marked by gold and government bonds, is being tested amid market turmoil. For decades, portfolio construction involved a simple 60% equities, 40% bonds split, with capital flowing into gold and bonds during market panic. However, with 24/7 markets, geopolitical instability, and rising distrust in sovereign systems, this logic is being challenged. Bitcoin, often dismissed as a speculative asset, is now being considered as a potential new SAFE haven. Its highly volatile nature and widespread misunderstanding make it a controversial choice, but it is gaining attention in today’s unpredictable financial landscape.
Scottish School to Accept Bitcoin Payments
Lomond School in Helensburgh, Scotland has announced it will become the first school in the UK to accept Bitcoin payments. The private boarding school made the decision after receiving requests from both local and foreign parents. To manage risk, the school will phase in acceptance and convert digital coins to pound sterling, ensuring full compliance with UK financial regulations. Lomond School is also considering building a Bitcoin reserve if its use case grows in the UK.
