"Trump's intention to establish a strategic Bitcoin reserve has attracted much attention, and several U.S. states have already tested the waters in advance."
As experts continue to debate the feasibility of such a move at the federal level and its potential market impact, some states may be looking to join in.
At least three states are considering adopting unique frameworks to build their own Bitcoin reserves following Trump’s election victory. In an interview with CNBC, Centrifuge General Counsel Eli Cohen asserted that this development is very positive for the crypto market.
⬇️There are also exciting intraday market views at the end of the article ⬇️
Pennsylvania
On November 12, less than a week after Trump was announced as the next US president, Pennsylvania Congressman Mike Cabell introduced a bill to allow the state treasurer to invest state funds in Bitcoin.
Texas
On Dec. 12, Texas Rep. Giovanni Capriglione introduced House Bill 1598, which would allow the state to create a Bitcoin reserve in its treasury.
Ohio
Ohio is the latest state to join the Bitcoin craze. On December 17, state Representative Derek Merrin submitted a bill to establish a strategic Bitcoin reserve in the state.
Review of yesterday’s (December 25) Bitcoin short position
Yesterday, I gave a big cake short order with an average price of 99,000. The current price has fallen below 98,000, with a floating profit of 1,100 points; my personal target position is around 96,500; friends who follow can refer to this position. It takes a process for the price to reach this target position. You can also grasp part of the profit first, control the risk, and defend the remaining positions.
