Recall, the corresponding bill on the creation of a national cryptocurrency reserve for the United States was presented by Senator Cynthia Lummis, who is known for supporting the industry of digital assets. It involves the purchase by the US government of one million bitcoins for five years, which should be stored without moving for twenty years.

If such an initiative is approved, BTC will be recognised as a strategically important asset for the US. In addition, such transactions will create enormous buying pressure on the market and contribute to the growth of Bitcoin, and the initiative will be clearly supported by other countries – at least because of the unwillingness to lag behind in the long term.

Senator Cynthia Lummis, who proposed the purchase of one million bitcoins by the U.S. government

However, there is also a view in the industry that the reserve will not be created in the end. This point of view was voiced by the former head of crypto exchange BitMEX Arthur Hayes, who at the same time does not consider this scenario something terrible. In his opinion, the main thing here will be just the expectations of investors of this initiative, which will encourage aggressive purchases of cryptocurrency.

Be that as it may, some states have already introduced bills that could later become the basis for the creation of a national Bitcoin reserve. These are Texas, Pennsylvania, and Ohio.

Bitcoin reserve in Texas

The possible creation of a BTC reserve for Texas became known in the first half of December 2024. At that time, state representative Giovanni Capriglione introduced a bill called H.B. No. 1598.

Its essence boils down to the accumulation of bitcoins by the state, which will be stored for at least five years without moving. Also, the document will allow Texas residents to make donations to certain funds with the help of cryptocurrency.

Buying bitcoins and other cryptocurrencies

It includes the following quote, which is cited by Decrypt.

The strategic bitcoin reserve is consistent with Texas’ commitment to fostering innovation in digital assets as well as providing residents with advanced financial security.

The document specifically notes that the coins purchased will be stored using cold storage – that is, a device for storing private keys without an internet connection.

In addition, the crypto will not be used for transactions outside of the state or country. There is a separate quote about this in the document.

The Auditor is required to prohibit transactions involving foreign countries, organisations or individuals outside of Texas, as well as organisations or individuals involved in illegal activities.

Cryptocurrency market growth

As Capriglione noted after the introduction of the relevant bill, the idea has been maturing for a long time. At the same time, Bitcoin in this case will become a kind of hedge of the government for the depreciation of conventional fiat money.

We have been gradually laying the groundwork and training our team members to do the same. Probably the biggest enemy of our investments is inflation.

Bitcoin savings in Pennsylvania

The legislative branch in Pennsylvania started talking about the prospect of investing in BTC back in mid-November. As noted in the document, the head of the local Treasury would be able to allocate up to 10 per cent of the State General Fund, Reserve Fund and State Investment Fund to bitcoin purchases.


In the case of the State General Fund alone, the amount of investments in the first cryptocurrency could reach $970 million. In other words, the amount is more than substantial.


Cryptocurrency investor during the bullrun

In the explanation of the bill, the House members emphasised on inflation, which has been a major problem in the world for several years now. Here’s the quote.

Bitcoin, whose value has increased markedly over the years, has the potential to help Pennsylvania not only deal with inflation, but also adapt to economic change. Over the past four years, inflation has “eaten up” nearly 20 percent of the state’s purchasing power. And we desperately need solutions that can bring stability in this time of economic uncertainty.

Creating BTC reserves in Ohio

Ohio State Representative Derek Merrin presented a bill to create a Bitcoin reserve this week, 17 December. The document proposes to accumulate BTC within the state Treasury, well, the Ohio Treasurer will be responsible for acquiring the assets.

Merrin commented on Twitter as follows.

Ohio should embrace the technology and protect tax dollars from being diluted.

Cryptocurrency investors

The document is known as H.B. 703. And Derek also mentioned the topic of the depreciation of conventional fiat currencies. Here is his comment.

The U.S. dollar is rapidly losing value. Therefore, our state treasurer should be given the authority and flexibility to invest in Bitcoin while choosing the best asset allocation.

😈 MORE INTERESTING STUFF CAN BE FOUND IN OUR YANDEX.ZEN!

Many details of this procedure remain unknown. However, it can be assumed that the bill will be the basis for the development of a full-fledged cryptocurrency reserve in 2025.

How the national Bitcoin reserve in the United States will affect crypto

The creation of a US-wide reserve in the first cryptocurrency will prove to be incredible news for the coin industry. Earlier, analysts at Bitwise investment fund shared a detailed prediction on the market situation next year.

According to them, Bitcoin will be able to get to the $200,000 level. However, if the US government and states start buying BTC, then experts bet on BTC at 500 thousand – and even higher.

There is also an opinion that the innovation, among other things, will be able to disrupt the basic growth cycles of the coin market, which now last four years. In other words, due to the constant demand for coins, the industry will stop experiencing long-term stages of collapses, which usually last about two years.

However, similar predictions have been made at every previous bullrun. So relying on them should be at least cautious.

Look for more interesting things in our crypto chat. Go there today.

SUBSCRIBE TO OUR CHANNEL IN TELEGRAM TO KEEP UP TO DATE.