Revolutionary Step: The US Treasury Is Ready to Take Bitcoin Under Its Wing!

 An amount of 50,000 US dollars is allocated to conduct a study on the bitcoin acquisition. Particular attention will be paid to the potential creation of a state depository for cryptocurrency. This depository will allow North Carolina to act as a custodian of its digital assets, ensuring the safety and security of bitcoin ownership.

 

The North Carolina State Department is going to explore the possibilities of the bitcoin government ownership according to a new bill passed by the House of Representatives on June 28. This ambitious move is aimed at exploring the potential of cryptocurrency as a long-term asset that can bolster the state's financial stability. 

The primary goal of the study will be to determine how the use of bitcoin and gold in the government portfolio can help the state reduce inflation, reduce systemic credit risk and increase investment returns.

 This bill opens a new era in the interaction of government institutions with cryptocurrencies and highlights the interest of North Carolina in the use of innovative financial instruments. If the study confirms the potential benefits of bitcoin owning it could set a precedent for other states and even countries that are also interested in expanding their financial portfolio with cryptocurrencies.

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