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North Carolina House Backs Bitcoin Reserve Strategy—First State to Hedge Against Fiat Chaos
North Carolina House Backs Bitcoin Reserve Strategy—First State to Hedge Against Fiat Chaos
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Lawmakers just flipped the script on treasury management. The North Carolina House passed a bill mandating strategic Bitcoin reserves—effectively making it the first US state to treat BTC as a hedge against monetary debasement.
No more waiting for federal guidance. The bill bypasses Washington gridlock, letting the state treasury allocate up to 2% of reserves into Bitcoin. ‘Diversification isn’t just for portfolios anymore,’ quipped the bill’s sponsor during debate.
Wall Street analysts are already scrambling to update their ‘crazy crypto’ PowerPoints. Meanwhile, the state pension fund quietly rebalances into cold storage wallets—because nothing says ‘fiduciary responsibility’ like a 12-word seed phrase.
On April 30, 2025, the North Carolina House of Representatives passed House Bill 92, known as the Strategic Bitcoin Reserve Bill. It allows the state to create a Bitcoin reserve. The state will invest in BTC-related funds, like Bitcoin mutual funds. However, th... Read More
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