Alabama State Auditor Calls for Bitcoin Reserves to Ensure Financial Stability

Uk Jin

Summary

Alabama State Auditor Andrew Sorrell urged the inclusion of Bitcoin (BTC) in the state's reserves.
Auditor Sorrell emphasized that Bitcoin has consistently outperformed other assets.
He stated that investing in Bitcoin prepares for the future and builds a financial safety net for the state.

A call has emerged within the United States to adopt Bitcoin (BTC) reserves.

According to CryptoSlate on the 11th (local time), Alabama State Auditor Andrew Sorrell urged the inclusion of Bitcoin in Alabama's reserves.

Specifically, Auditor Sorrell stated, "Cryptocurrencies are no longer a matter of 'if.' They are reshaping global financial markets. Acting now is the best way to reap the benefits."

He also added, "A diversified investment strategy should include assets beyond traditional bonds and treasuries. Bitcoin has consistently outperformed other asset classes over the past decade, and Alabama is losing out by not holding Bitcoin," emphasizing that "investing in Bitcoin is not for short-term gains. It is about preparing for the future and building a financial safety net for the state."

BTC