The State of North Carolina has taken an important step by putting Bitcoin (BTC) investments on the agenda and the State Senate has approved the bill SB327.
The State of North Carolina has taken an important step by putting Bitcoin (BTC) investments on the agenda. The State Senate approved the bill SB327. This law authorizes the State Treasury to invest 10 percent of public funds in Bitcoin. Currently, the state's general fund is $9.5 billion, some of which could be directed into cryptocurrencies like Bitcoin.
This legislation allows for a change in the state's strategy for investing in Bitcoin. Although the bill has now only passed the Senate, similar legislation is on the agenda in the House of Representatives. If both laws are passed, North Carolina could become one of the first states to diversify state funds with digital assets. This step stands out as an investment strategy aimed at capitalizing on Bitcoin's potential future appreciation.
