And it’s beginning (N.C BTC strategic reserve)

North Carolina Lawmakers Propose State Bitcoin Reserve

I've been posting across various platforms online about how nation states and governments are starting to get in on the BTC train. Tail end of last year the state of Texas started a fund with 5 million $, however this was in IBIT/ETFs and not actual BTC yet.

This came out the other day, and if you read it on there it specifically mentions the state of North Carolina holding actual BTC in cold storage using multi signature wallets. It also states that it intends on holding for the long term and only can be spent/sold with a 2/3 vote with their general assembly and ONLY for financial crises, critical infrastructure or economic projects, etc. In addition to this, it mentions up to 10% of public funds, so potentially hundreds of millions or even billions. I won't get into every single detail, as you can read this yourself with that link.

More U.S states are starting to get in on this, and it will only continue to grow from there. I wouldn't be too surprised to even see major cities starting to do this as well. This isn't even factoring in the U.S government's desire for a strategic reserve or even other nation states currently working on this or will in the future.

With less than one million coins remaining and the sheer wall of demand about to hit over the next few years, this asset is going to become incredibly scarce.