New Hampshire Pioneers Strategic Bitcoin Reserve Initiative
Concord, NH — New Hampshire has made a significant financial leap by becoming the first state to authorize a strategic Bitcoin reserve. The legislation, spearheaded by state legislator Keith Ammon, allows the state treasurer to invest up to 5% of select state-held funds in Bitcoin and precious metals. This innovative move aims to provide a hedge against inflation in light of soaring national debt, which has surpassed $36.2 trillion, and rising federal spending.
The Congressional Budget Office anticipates that by this year, interest payments on national debt will exceed $952 billion—more than the spending on Medicare and national defense combined. The urgency of finding stable, inflation-resistant assets has never been clearer as nearly 40% of U.S. dollars were printed post-2020.
Ammon underlines that this initiative is about prudent risk management rather than speculation. Bitcoin, with its limit of 21 million units, is likened to "digital gold" due to its reliability and security. The bill incorporates strict guidelines, ensuring that only assets with a market capitalization of $500 billion can be chosen, with Bitcoin as the current frontrunner.
The bipartisan support for this legislation illustrates a shared concern among citizens about inflation and fiscal restraint. As the movement for state-level Bitcoin reserves gains momentum—now with 16 states considering similar measures—New Hampshire’s pioneering approach serves as a model for others to follow. As Ammon invites other states to adopt such measures, he emphasizes the necessity for fiscal preparation amid rising economic uncertainty.
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