US President-elect Donald Trump promised a national Bitcoin (BTC) reserve during his election campaign.
While Trump's BTC move has attracted the attention of institutional investors and other countries, US states are also working to create strategic Bitcoin reserves.
Sharing from his X account, Satoshi Action Fund (SAC) CEO Dennis Porter said that at least 13 US states are working on the Strategic Bitcoin Reserve.
Porter added that he expects Bitcoin to break records in January.
“I can confirm that at least 13 states are working on ‘Strategic Bitcoin Reserve’ legislation.
January will be a record-breaking month for Bitcoin policy.”
Porter also added that a US state could make its first Bitcoin purchase within the next four months.
At this point, states like Ohio, Texas, Pennsylvania, and Florida are exploring Bitcoin reserves to diversify portfolios and protect public funds.
Globally, outside of the US states, countries like Japan, Switzerland, and Russia are also exploring Bitcoin reserves.
Porter’s comments are consistent with the predictions of other industry leaders, as Ryan Rasmussen and Franklin Templeton, Head of Research at Bitwise, predicted that more countries will add Bitcoin to their reserves by 2025. Rasmussen went a step further, predicting that the number of countries accepting Bitcoin as a strategic reserve could double by next year.
*This is not investment advice.
