#比特币战略储备法案

New Hampshire's recent move is quite interesting, directly including Bitcoin in its "strategic reserve" list. Although a 5% allocation isn't much, the symbolic significance far outweighs the actual amount. In the short term, this government endorsement may lead some hesitant institutions to think, "If even the state government dares to buy, what are we afraid of?" Especially for funds that have a lot of cash and don't want to fully commit to traditional assets, they may cautiously follow suit. After all, Bitcoin's market cap has now stabilized at over a trillion, with sufficient liquidity to allow for entry and exit without getting stuck.

However, the key in the long term is whether other states will follow suit. For example, Texas, which is already friendly towards cryptocurrency, may take the opportunity to expand its layout or even implement more aggressive pilot projects (such as using Bitcoin to pay state government employees' salaries). If three to five states follow suit, it may force the federal level to re-examine the regulatory framework—after all, the states can have their fun, but the federal government can't just keep turning a blind eye; it has to come out and set some rules. This may actually accelerate the mainstreaming process of Bitcoin.

Of course, the risks are not small, after all, the priority is to stabilize public funds. If there happens to be a Bitcoin-level crash, taxpayers are likely to explode with anger, and policies could be reversed immediately. So even if other states follow suit, it is highly probable that they will only experiment with a small proportion, paired with gold or similar anchors. But in any case, this step marks the beginning, and the presence of cryptocurrency in fiscal reserves will only become stronger in the next decade.