Pennsylvania ready to invest $1 billion in Bitcoin.

Little by little, American states are jumping into the Bitcoin race. More and more legislators see in this emblematic cryptocurrency a strategic option to protect public finances against rampant inflation. Breaking news: Pennsylvania is considering a significant investment in Bitcoin, illustrating a trend where BTC is establishing itself as a shield against economic instability.

Bitcoin: A strategic reserve for Pennsylvania?

Bitcoin news latest: On November 13, Pennsylvania Representative Mike Cabell made an impact with a proposal that could create a lot of talk in the halls of other states. This bill would allow the state treasurer to invest up to 10% of his funds in Bitcoin, an unprecedented move aimed at countering the harmful effects of inflation.

Inspired by financial giants such as BlackRock and Fidelity, already adept at the BTC strategy, Cabell sees Bitcoin as a safe haven.

In times of uncertainty, a decentralized currency can stabilize our financial future, he stressed.

10% of Pennsylvania funds, or potentially more than $1 billion, could be invested in BTC;

$9.7 billion in the State General Fund;

$7 billion in the Emergency Fund, already ready to join the crypto.

BTCUSD chart by TradingView

The adoption of Bitcoin at state level like Florida shows a willingness to diversify and reinforce reserves in the face of global economic shocks. This strategic reserve project also has the support of Aaron Kaufer, co-sponsor of the text, who hopes to convince skeptics in the legislature.

Inflation in the United States: The response of the states

With inflation continuing to rise,