The lawmakers observed that North Carolina pension investment has yielded less profit over time. Therefore they are seeking means to diversify the state pension funds to make it more profitable. The bill suggests that the state can invest up to 5% of its funds in cryptocurrencies. I see it as a cautious move since they are just putting in about 5% since crypto could be volatile. It is good news for the crypto industry to see that more government institutions are recognizing Bitcoin as a viable investment.

Great to see we are now having more bitcoin supporters among policy makers in the House (unlike the conservatives) which is why most of these successes we're getting about bitcoin reserve at both the state and federal level is taking the centre stage. It is a right step in the right direction for North Carolina. I am optimistic the numbers would increase in coming years after they start getting positive ROI with the 5% portfolio to be invested for a cautious start.