Bitcoin: The Ideal Asset in the United States Surpasses $100,000
The cryptocurrency market is abuzz with activity, highlighted by Bitcoin’s valuation crossing the $100,000 milestone. This surge, driven by the launch of Bitcoin spot exchange-traded funds (ETFs) in early 2024, signifies a new era. With several U.S. states exploring Bitcoin as part of their strategic reserves, the trend aligns closely with policy changes under the Trump administration. Follow the variation of the ideal asset in the united States on Coindesk
The BITCOIN Act of 2024: Building the Ideal Asset in the United States
Senator Cynthia Lummis is leading a bold initiative through the BITCOIN Act of 2024. The act aims to acquire 200,000 bitcoins annually over five years to create decentralized state reserves. By using cold wallets, this strategy minimizes risks while crafting a robust federal infrastructure, positioning Bitcoin as a cornerstone of the U.S. digital economy.
Florida’s Push to Establish the Ideal Asset in the United States
Florida stands out as a leader in cryptocurrency adoption. Samuel Armes, President of the Florida Blockchain Business Association, predicts the establishment of a Bitcoin reserve by early 2025. With the backing of influential figures like Danny Perez and Ben Albritton, Florida may allocate a portion of its $185.7 billion pension fund or $116.5 billion budget surplus to Bitcoin. Just 1% of the pension fund could contribute over $1.165 trillion to Bitcoin’s market cap.
U.S. States Advance Toward Cryptocurrency Adoption
Pennsylvania’s Investment in this deal
Pennsylvania’s representative Mike Cabell has introduced legislation to allocate 10% of state funds to Bitcoin. This bold move is designed to counter inflation and enhance financial resilience.
Wisconsin and Michigan’s Strategic Moves
Wisconsin has directed over $100 million toward Bitcoin ETFs, while Michigan has diversified investments into Bitcoin and Ethereum. These states illustrate the growing adoption of cryptocurrency as a key financial strategy.
Federal Policy and the Rise of the Ideal Asset in the United States
The Trump administration’s support for cryptocurrency is accelerating state-level adoption. With crypto advocates in key roles and an emphasis on digital asset integration, 2025 is set to be a year of unparalleled growth for the cryptocurrency sector.
Will it conduct to government policies like in Czech Republic ?
