North Dakota Considers Crypto Reserve as State Bitcoin Treasuries Gain Momentum
North Dakota is considering a resolution to diversify its state funds by investing in digital assets and precious metals. House Resolution 3001 aims to hedge against inflation by broadening the types of financial resources the state invests in. The resolution does not specify Bitcoin but encourages the state’s Treasurer and Investment Board to explore various asset classes. Similar moves are being discussed in other states, including New Hampshire, which is also contemplating a state Bitcoin reserve without naming Bitcoin specifically. The resolution's passage is apparent now, as it is seen as timely. It suggests that states should act swiftly in adopting such measures, reinforcing the idea that those who delay could miss significant opportunities in crypto investments. Legislative officials have noted that while the resolution is largely symbolic at this stage, it sets the groundwork for future asset diversification in North Dakota.
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