Roswell Cuts the Cord on Fiat—Adopts Bitcoin as Treasury Reserve

Move over, Fort Knox—Roswell just rewrote the municipal playbook. The New Mexico city becomes the first in the U.S. to allocate treasury reserves to Bitcoin, bypassing traditional cash buffers.

Why it matters: While Wall Street hedgies debate ETFs, local governments are putting skin in the game. Roswell’s vault now holds digital gold alongside taxpayer dollars—a bet that’ll either look visionary or reckless when the next crypto winter hits.

The kicker: City officials cited ’inflation hedging’ and ’technological inevitability.’ Cynics note the timing—just as Bitcoin retests its 2021 all-time high. Because nothing says ’prudent fiscal management’ like buying the top.

Roswell, New Mexico, has made history by becoming the first city in the United States to adopt Bitcoin as part of its strategic financial reserves. This move marks a bold step toward integrating digital assets into public finance. By holding Bitcoin, the city aims to diversify its treasury and position itself for long-term financial strength. Roswell’s decision reflects growing interest in Bitcoin as a hedge against inflation and a modern store of value for municipalities.