Summary
- 20 US states have been reported to be pursuing Bitcoin reserve-related bills.
- If all bills pass, $23 billion, equivalent to about 247,000 BTC, would flow into the Bitcoin market.
- The capital inflow into the Bitcoin market is expected to be a significant factor for investors.
Several states within the US appear to be pursuing Bitcoin (BTC) reserve-related legislation.
According to Wooblockchain on the 14th (local time), Matthew Siegel, Head of Digital Asset Research at VanEck, recently announced through X (formerly Twitter) that "20 states in the US are currently pursuing Bitcoin reserve-related bills."
He further explained, "If all bills pass, $23 billion would flow into the Bitcoin market, equivalent to approximately 247,000 BTC."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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