Alabama dey propose Bitcoin Reserve and Investment Bills to boost State Economy
Alabama dey take big steps to put Bitcoin inside their money plan. The state auditor bin talk say make dem get Bitcoin reserve to make their assets no be one kind and to carry crypto business come, because Bitcoin dey rise for value and Trump campaign fit give dem federal support. On top of that one, Alabama don bring out House Bill 482 and Senate Bill 283 to use like 10% of state money invest for Bitcoin and other digital assets. These bills wan check Bitcoin alongside old way investments, using things like $750 billion market cap as yardstick, wey Bitcoin don meet. Na the state treasurer go dey manage these investments, to make sure say dem store am well and manage risk. This two-house strategy show say the whole U.S. dey see Bitcoin potential to bring big money and growth, while e dey carry tech companies come and dey make investment portfolio no be one kind. Other states like Texas dey show interest for Bitcoin things like this, wey show say the whole country dey move to accept digital assets.
Bullish
Alabama interest to put Bitcoin inside their financial portfolio dey put dem for front to dey embrace digital assets, and e dey show say market dey bullish. The reserve and investment bill wey dem propose dey show official recognition and acceptance of Bitcoin as valuable asset, and e dey encourage other states to follow suit. This one fit increase demand and stability for Bitcoin market, especially if state investments for Bitcoin dey grow. For history, this kind government interest don lead to price surge, as we don see with other positive regulatory news for crypto space.