Think Tank Pushes 3% Bitcoin Allocation For US States
Main Idea
The Bitcoin Policy Institute (BPI) proposes a model bill for US states to allocate 3% of their reserves to Bitcoin, aiming to hedge against inflation and enhance fiscal stability, with three states already enacting similar laws.
Key Points
1. The BPI released a 30-page model bill titled 'State-Level Strategic Bitcoin Reserve Toolkit' to encourage US states to hold BTC as part of their reserves.
2. The proposal suggests states allocate 3% of their reserves to Bitcoin to hedge against inflation and improve long-term fiscal stability.
3. Three US states—New Hampshire, Arizona, and Texas—have already passed laws to create strategic Bitcoin reserves.
4. The model bill includes requirements for Multi-Institution Custody systems and mandates Bitcoin to be held for at least twenty years.
5. The initiative is described as a 'paradigm shift in monetary technology' and aims to integrate Bitcoin into state fiscal strategies.
Description
The Bitcoin Policy Institute (BPI) has released a 30-page model bill designed to let US state treasuries treat BTC as a strategic reserve asset, codifying everything from multisignature custody to tax-advantaged economic zones. Titled the “State-Level Strategic Bitcoin Reserve Toolkit,” the document arrives amid growing institutional adoption of the asset class and lays out a path for states to “diversify treasury holdings, hedge against currency debasement, and enhance long-term fiscal stabilit...
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