Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12837
Markets: 99741
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12837
Cryptocurrencies
60.66%
Bitcoin Share
crypto.news 2025-02-12 20:52:39

VanEck: State Bitcoin bills could trigger 247k BTC purchase if enacted

VanEck: State Bitcoin bills could trigger 247k BTC purchase if enacted

A new analysis by VanEck suggests that 20 state-level Bitcoin reserve bills, if enacted, could lead to $23 billion in Bitcoin purchases, equivalent to 247,000 BTC. This estimate excludes potential pension fund allocations, which could further increase demand if lawmakers advance these proposals. Matthew Sigel, VanEck’s head of digital asset research, shared the findings on X, highlighting the growing interest among U.S. states in holding Bitcoin as a reserve asset. These bills, introduced in various legislatures, propose that states allocate a portion of their reserves to Bitcoin ( BTC ). We analyzed 20 state-level Bitcoin reserve bills. If enacted, they could drive $23 billion in buying, or 247k BTC. This sum is independent of any pension fund allocations, likely to rise if legislators move forward. pic.twitter.com/5AZnkiwTZf — matthew sigel, recovering CFA (@matthew_sigel) February 12, 2025 The projected $23 billion in buying pressure could add significant upward momentum to Bitcoin’s price, especially if pension funds and other state-managed investment vehicles also allocate to BTC. While no state has yet implemented such legislation, growing support among policymakers indicates that Bitcoin’s role in government reserves may expand. You might also like: Trump meme coin price forms a bullish pattern; can it rise 56%? State Bitcoin bills As of February 2025, numerous U.S. states are considering legislation to establish Bitcoin reserves. Notably, Utah has made significant progress , with its Bitcoin Reserve Bill passing the House Economic Development Committee on January 28, 2025, and currently awaiting Senate deliberation. If approved, Utah could become the first state to implement such a reserve. Other states actively pursuing similar initiatives include Missouri, Arizona, Oklahoma, and Kentucky. Kentucky recently became the 16th state to introduce legislation for a Bitcoin reserve, joining others like Alabama, Florida, Massachusetts, Missouri, New Hampshire, North Dakota, Ohio, Oklahoma, Pennsylvania, Texas, Utah, Kansas, and Wyoming. You might also like: DOGE and SHIB fade, PEPE and AGENT A.I. could be the next power duo

Most Read News



Cryptohopper
Market Cap
24h Vol
60.66%
Bitcoin Share
70
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.