Ohio is making a splash! 🎉 Ohio State Representative Derek Merrin introduced House Bill 703 aka the Ohio Bitcoin Reserve Act. The goal? So that the State Treasurer can invest public funds in Bitcoin!
- Merrin has a cool vision: utilize innovative financial solutions. So, Ohio can include Bitcoin in the state treasury portfolio.
- Why Bitcoin? Merrin said, this is a way to fight the devaluation of the US dollar. Bitcoin becomes a strategic reserve asset to maintain the value of state funds.
- Although it is not mandatory to buy Bitcoin, the State Treasurer has the authority to invest according to asset allocation decisions.
Ohio is not alone, you know. Pennsylvania and Texas also have similar plans. Let's discuss in the comments column! What do you think about Ohio's move?