Vaneck Analyst: 20 US states plan to introduce Bitcoin reserve bills, potentially driving a $23 billion buying spree
Bitget2025/02/14 02:36
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ChainCatcher reports, according to Vaneck analyst Matthew Sigel, 20 states in the United States are advancing Bitcoin reserve-related bills. If all are passed, it is expected to drive $23 billion of funds into the Bitcoin market, equivalent to about 247 thousand BTC.
The study covers state reserve funds, pension plans and other state-level investment mechanisms. Some states propose using budget surpluses, stabilization funds and land funds for Bitcoin investments.
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