U.S. State Proposes Bitcoin and Gold as Reserve Assets

New Hampshire is exploring a groundbreaking approach to managing state reserves with a proposed bill that would allow the treasury to include Bitcoin and precious metals like gold and silver as part of its strategic reserves.

Introduced by Representative Keith Ammon, the legislation aims to position New Hampshire as a leader in integrating digital assets into state-level financial systems.

The bill outlines plans to create a diversified reserve using both physical and digital assets. It also emphasizes secure storage measures, requiring collaboration with qualified custodians to mitigate risks tied to holding cryptocurrencies. This initiative reflects a broader shift as digital assets gain mainstream acceptance and states begin to modernize their financial strategies.

New Hampshire’s move comes amidst growing interest in Bitcoin reserves across the U.S. States like Texas and Ohio have already taken steps toward incorporating cryptocurrencies into their financial operations. On the national stage, former President Donald Trump has discussed making the U.S. a leader in cryptocurrency, adding momentum to state-level efforts like New Hampshire’s.

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Globally, governments are also exploring Bitcoin’s role in national reserves. Countries like Brazil and Poland are evaluating similar initiatives, while Bhutan has embraced digital assets like Bitcoin and Ethereum as part of its economic development plans. These moves highlight a growing recognition of cryptocurrencies as viable reserve assets.

If passed, the legislation would make New Hampshire one of the first states to formally adopt Bitcoin as a reserve asset. However, the bill is likely to face opposition from critics concerned about the volatility of digital currencies and the challenges of secure storage. Still, its introduction signals a bold step toward integrating cryptocurrencies into public financial systems.

Alexander Stefanov