Bitcoin

With the holiday season coming, the <a href="https://optimisus.com/news/crypto-news/microstrategy-holds-439000-btc-worth-46-billion/" rel="noopener noreferrer nofollow">cryptocurrency community</a> is preparing for fun events, like giveaways and talks about what crypto will look like in 2025.Ohio state representative Derek Merrin has introduced HB 703, a bill to create a <a href="https://optimisus.com/news/crypto-news/riot-platforms-buys-667-btc-for-69m-boosting-its-holdings-to-17429-btc/" rel="noopener noreferrer nofollow">Bitcoin Reserve</a> for the state. This proposed law, called the &#34;Ohio Bitcoin Reserve Act,&#34; aims to let the state invest in Bitcoin, helping Ohio improve its financial situation.Merrin&#39;s bill would allow the state treasurer to buy Bitcoin, showing that more U.S. states are starting to support cryptocurrencies. People are excited about this bill because it might be passed in the State Legislature Assembly on December 31st.Merrin hopes the Trump administration will start a national Bitcoin Reserve, strengthening the role of cryptocurrency in finance at both state and national levels.Ohio is taking steps that match what other states in the U.S. are doing, like Texas, which plans to put money into Bitcoin. This trend isn&#39;t just in the U.S.; countries such as Russia and India are looking into government investments in digital assets, motivated by the good results seen in places like El Salvador and Bhutan.Bitcoin is currently trading near $103,000, after reaching a high of $107,000. Its increasing acceptance by governments shows a big change in the financial world. Recent events in Ohio and elsewhere show that more people are starting to see Bitcoin as a valuable asset for local and national economies, which could lead to wider use in the future.

Ohio state’s lawmaker announces plans to initiate a Bitcoin Reserve

Optimisus

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