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Vaneck Analyst: 20 US states plan to introduce Bitcoin reserve bills, potentially driving a $23 billion buying spree

Vaneck Analyst: 20 US states plan to introduce Bitcoin reserve bills, potentially driving a $23 billion buying spree

Bitget2025/02/14 02:36

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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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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