Pennsylvania lawmakers have introduced a bill proposing that the state create a strategic Bitcoin reserve, enabling investments of up to 10% of the State General Fund, Rainy Day Fund, and the State Investment Fund into Bitcoin. This initiative aims to protect the state's funds against inflation, which has significantly eroded purchasing power in recent years. With potential investments of up to $970 million in Bitcoin, proponents argue that it could stabilize the state's finances amid economic fluctuations. The legislation has garnered support from Republican Reps. Mike Cabell and Aaron Kaufer but needs to pass through several legislative steps to be enacted. This move aligns with broader discussions at the national level concerning a possible federal Bitcoin reserve, which has gained traction following political developments. Critics are skeptical about the likelihood of achieving legislative consensus for such initiatives.

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