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West Virginia state legislator proposes to allow state finance to invest in Bitcoin

West Virginia state legislator proposes to allow state finance to invest in Bitcoin

Bitget2025/02/14 23:08

Senator Chris Rose of West Virginia, USA, has proposed a bill that would allow the state treasury to invest up to 10% of its funds in Bitcoin or precious metals as a hedge against inflation. The bill stipulates that the treasury can invest in digital assets with a market value exceeding $750 billion, currently only Bitcoin meets this standard. Assets can be held on-chain or invested through ETFs.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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