Several states in the U.S., including Oklahoma and Texas, are moving to invest public pension funds in Bitcoin and other cryptocurrencies. This push is driven by the belief that digital assets can enhance investment diversification and potentially offer high returns. Oklahoma’s House committee recently backed a bill that would allow the state to allocate up ...
Many U.S. states are now exploring the idea of investing public funds in cryptocurrencies, particularly Bitcoin and stablecoins. Following President Trump’s support for a national digital asset stockpile, 21 states are either investing in or considering investments in digital assets. A total of 16 state legislatures are currently reviewing bills to build digital asset reserves ...
As President-elect Donald Trump prepares to take office, a wave of interest in cryptocurrency, particularly Bitcoin, is anticipated across U.S. states. Supporters argue that Bitcoin is a hedge against inflation, while critics warn about its speculative nature. Public pension funds have been cautious, with few investing in cryptocurrencies due to their volatile nature and the ...
As 2024 begins, Donald Trump’s presidency points towards a more bitcoin-friendly approach, potentially encouraging state governments to embrace cryptocurrency investments. Supporters view bitcoin as a valuable hedge against inflation, similar to gold, while critics caution that investing in crypto is highly speculative and carries significant risks. Currently, only a few public pension funds have ventured ...
