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Pennsylvania lawmakers have launched the groundbreaking Pennsylvania Bitcoin Strategic Reserve Act, a first-of-its-kind invoice that might enable the state treasury to take a position as much as 10% of its $7 billion reserves in Bitcoin. The objective is to hedge in opposition to inflation and add diversification past conventional belongings like bonds and money. This proposal marks a historic step towards integrating digital belongings into state funding portfolios. The Pennsylvania Bitcoin Strategic Reserve Act is a visionary step to safe our monetary future," stated Republican state Rep. Mike Cabell, who’s sponsoring the invoice. "By incorporating Bitcoin, we're not solely defending Pennsylvania from inflation's persistent results but in addition establishing ourselves as leaders in monetary resilience and innovation. submitted by /u/Ola_000 |
