The NC Senate Bill 327 although still in the early stages of the NC Senate process, would allow the state treasurer to place 10% of public funds in a strategic Bitcoin reserve, further legitimising Bitcoin as a long haul store of value asset. This follows in the footsteps of Wyoming whose senator Lummis has long led the way in all things Bitcoin and digital assets. Unfortunately their own Bitcoin Reserved Bill failed but maybe North Carolina can succeed where Wyoming could not.
Strategic Bitcoin reserves are quickly becoming a country wide consideration as although often shot down for its short term volatility it has now established itself as a well performing asset in the medium to long term.
This follows in the footsteps of The United States of America creating a Strategic Bitcoin Reserve mostly supported by seized crypto assets and holds between 15 – 20 Billion USD.
Another notable example is El Salvador who now boasts 475 Million USD in unrealised profits! That’s a return only the nichest of ”financial products” can dream of!
