💰Do you want a chance to win 100,000 sats (~$28 in BTC), paid straight into your wallet? Entry is easy so don’t miss your chance to win!💰
*Last Days to Enter!*
The North Carolina House of Representatives has passed a bill that would study the potential benefits of acquiring and holding Bitcoin. The bill, called House Bill 721, has now been referred to the Senate for additional consideration.
The bill would require the state to conduct a study on the potential benefits of using Bitcoin. The ultimate goal of the study is naturally to determine whether it is in the best interests of the state to acquire Bitcoin. However, that review comprehends the following specific factors:
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Whether allocating some of the state’s resources to Bitcoin can hedge against inflation, while also reducing overall portfolio volatility and increasing portfolio returns.
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Whether a depository that’s privately managed, managed by another state, or managed by North Carolina itself would be most feasible should the state move forward with acquiring Bitcoin.
The passage of House Bill 721 is a significant development for the state, because it shows that North Carolina is taking a proactive approach to studying Bitcoin and exploring its potential benefits.
The bill is still in its early stages, and it remains to be seen whether it will become law. However, it’s overall being seen as a positive sign for the future of Bitcoin in North Carolina.
In the hopes that I can bring someone further into the Bitcoin space, I'd like to start June off by gifting some Bitcoin. Participating in this Bitcoin giveaway is easy:
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Follow me here on Publish0x
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Subscribe to my newsletter (free or paid)
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*How much Bitcoin will the winner receive?
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The winner of this giveaway will receive 100,000 sats, which are currently valued at about $28 USD.
Good luck on your Bitcoin journey!
