Bitcoin Strategic Reserves aren’t just for the US federal government, it turns out.
With multiple states introducing legislation to this effect, the movement to establish Strategic Bitcoin Reserves is gaining momentum in the US, building on a campaign promise made in 2024 by now-president Donald Trump.
US Federal and State Efforts Grow, Adding to Bitcoin Hype
Dennis Porter, CEO and founder of the Satoshi Action Fund, indicated that 16 US states are preparing to introduce legislation to create Strategic Bitcoin Reserves.
Porter and his organization were instrumental in drafting the ‘Bitcoin Rights’ bill, first introduced in Pennsylvania in November 2024.
On January 24, Ohio State Representative Steve Demetriou, along with six others, proposed a bill allowing the state treasurer to allocate up to 10% of state funds to purchase digital assets, including Bitcoin, for a crypto reserve.
Demetriou emphasized that such a reserve would protect state funds from inflation and economic uncertainties. It’s a viewpoint shared by President Donald Trump, who has publicly endorsed the creation of a national strategic Bitcoin reserve, likening it to the Strategic Petroleum Reserve.
Bitcoin investors and enthusiasts view Bitcoin reserves as a positive step, serving as inflation hedges while also fueling $BTC scarcity and driving the token’s price higher.
However, some experts caution about the volatility of Bitcoin and the potential risks associated with its adoption as a reserve asset.
There’s an important caveat in the Ohio bill, which specifies that only digital assets with an average market cap of at least $750B over the previous 12 months would qualify for the reserve, a move to reduce potential volatility.
Currently, only $BTC meets those requirements.
With Only Hours Left, $FLOCK Poised To Fly High
As the $BTC news dominates the headlines, more and more investors are turning their attention to Flockerz, an innovative protocol that incentivizes community participation with a unique Vote-to-Earn (V2E) mechanism.
The $FLOCK presale ended on January 22, but it then gave investors another chance to get in on the action, and that window of opportunity ends in just a few hours. So far, it has raised over $14.2M, with $3M being added in just the last five days, and it looks set to add to that total in the final hours.
$FLOCK token holders have governance rights over the protocol, voting on community-led proposals. But Flockerz’s Vote-to-Earn takes community governance to the next level by rewarding votes with additional tokens. The more investors participate in the protocol, the more opportunities they have to earn.
Its DAO helps keep the protocol in the hands of active investors, not bad actors and gives $FLOCK a fantastic chance for long-term success. Adding to its potential performance is the positive blockchain momentum for Bitcoin’s Strategic Reserve.
Its unique V2E governance model could become a key factor for investors when deciding which projects to invest in. The decentralization may be be considered as a far more measured and safer approach.
$FLOCK launches on DEXs in a matter of hours.
Despite Downturn, Crypto Market Ready For Bullish February
The market turned down broadly in recent trading. But with news of multiple Bitcoin reserves in development and meme coins on presale about to launch, the recent dip could be the last correction before an anticipated February bounce.
As always, do your own research before investing in $FLOCK, $BTC, or any other crypto. The market remains as volatile as ever.
But don’t delay – this is the last chance to grab the first-of-its-kind $FLOCK at a discounted price before it lists on DEXs at a price of $0.0066883.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments