this is definitely a good thing and one that should be celebrated how many states do we think would follow the bitcoin path? will every state have a bitcoin reserve? i dohbt it there are still states that are not as progressive and they might not be able to afford bitcoins as they might think the budget can go anywhere else but bitcoin

I am pleased with the bold steps taken by the current governor of New Hampshire even though I personally do not know much about New Hampshire but by entrusting public funds to be invested in bitcoin indirectly provides a positive impact and trust for the people who live there who want to invest individually. Btw I don't know where most of the state's income comes from? I searched for a while but I didn't get any results, maybe someone here knows and can provide a reference link to increase my knowledge. Thank you.

I am also not very familiar with this state. But this policy is pretty good for the future. They may be the first state to use Bitcoin as a reserve asset. Maybe if they succeed in adoption it will follow other states. It seems that this is ahead of the US in establishing Bitcoin as a reserve asset. Try to visit this news, maybe it can increase your knowledge.

https://www.benzinga.com/markets/cryptocurrency/25/05/45243344/bitcoin-reserve-bill-signed-into-law-by-new-hampshire-governor-granite-state-move-makes-it-a-pioneer
https://cointelegraph.com/news/new-hampshire-bitcoin-reserve-law
https://bitcoinmagazine.com/news/new-hampshire-becomes-first-state-to-pass-strategic-bitcoin-reserve-bill-into-law

As i was reading through, one thing struck my mind, if they are considering other cryptocurrencies along side bitcoin before i then came across where it was specifically mentioned that they are starting with bitcoin, i want to believe other countries are also learning something from these, because it will come to an extent that only the early birds that arrived earlier will benefit the most with bitcoin adoption, i still anticipate that from using bitcoin as a national reserve will later transformed to legal tender for the people to official engage it uses the same fiat was adopted as a legal tender.

one down fortynine to go.

not sure i want the feds to do it.

i would like more states to sign up

When I read them not making any specifications and just said any crypto asset, it wasn’t really welcoming until they had to stick to specifics like Bitcoin and USD. Is there any altcoin like USD or they meant the USDT.

Anyway, having a stablecoin for reserves isn’t something I expect them to consider here as, if it’s indeed for reserves, Bitcoin would serve them more as these funds as basically long term funds and with Bitcoin increasing in its value over time, the bullrun would make sure the reserves are worth even more.

This is a very good news for the entire crypto space as a win for bitcoin is also a win for majorly the entire crypto ecosystem, I am very happy with that threshold of a minimum marketcap of $500 billion set as I see this will help and encourage other crypto projects to work really hard in building what really works that could get them to such a level where the asset associated with the project could become a reserve for a country.

Big ups to New Hampshire for this move, this is a step in the right direction and I believe that other nations will soon have no choice but to follow suit in this same step, things are changing fast and money and asset is becoming much more than a mere piece of paper and stuff we can see physically.

Will it serve as a catalyst? I don't understand how States work in the USA. There are states with no tax sales and there are states with tax sales. If states were a motivation for each other, then for example, why isn't Delaware a catalyst of no sales tax for the rest of the states? Certain items are also legal in one state but illegal in other states. To my mind, in those terms, the United States is a little bit of a strange country.

Btw this news for us means that we should hold tight our Bitcoins because it's definitely guaranteed that not only other states but other countries will do the same. We must hold tight our Bitcoins and do not sell to them at a cheap price.

Yes, first Bitcoin reserve will lead to the movement of more reserve but I was doing some outside the box thinking because I could remember when the first Bitcoin ETF was accepted were all celebrating and happy about it due to the positive effect it will generate into the market.

Meanwhile, the institutional investors accumulation we all think will make the price of Bitcoin surpass $150K price range are used to manipulate the price as they wanted, so ever since then I am sceptical about private organisations, institution, and government agency accumulation of Bitcoin because they never like it's technology from the get go and they only invest in it because of it unique potential once they see what they want they will always dump and buy later.

In the meantime, it is too early to know the surprise the Bitcoin reserve concept created by this state will present but selling $800M worth of BTC which will be within the 7900-8000 now can also impact the market. Let's keep our fingers crossed.