Hold onto your hats, folks! Oklahoma’s State House Committee has just passed a Strategic Bitcoin Reserve Bill, and it’s heading towards a full vote! 🎉💸
Despite Bitcoin’s recent drop below $90,000, the committee has recommended the bill to pass with a majority vote of 12 to 2. 😲
Known as House Bill 1203, the bill would allow the state treasury to invest 10% of its public funds into Bitcoin (BTC) or other digital assets at a market value of over $500 billion. 🤑
But wait, there’s more! The cryptocurrency itself recently dropped in value, triggering a collapse in the crypto market. On Feb. 25, Bitcoin fell below $90,000, breaking its bearish pattern with a 6.78% decline. 😱
At press time, BTC has slowly risen by 1.15% but still has not been able to claw its way back to the $90,000 mark. 📉
But don’t worry, Oklahoma isn’t alone in this crypto adventure! According to the Bitcoin Reserve Monitor, there are at least 25 U.S. states that have introduced Bitcoin strategic reserve bills. 🤝
So, grab your popcorn and get ready for the wild ride of Oklahoma’s Bitcoin Reserve Bill! 🚀💸
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2025-02-26 14:47