Is the $500,000 Bitcoin era coming soon? A US state secretly buys Bitcoin!

Dennis Porter, CEO of the Satoshi Action Fund (SAF), revealed at Michael Saylor's New Year Bitcoin event that a US state plans to buy Bitcoin (BTC) within four months. Initially, everyone speculated that it was Texas, but Porter clarified that Texas legislation only allows BTC to be used for donations or tax payments, and does not allow direct purchases. SAF has introduced 30 Bitcoin-related bills in 20 states and successfully passed laws protecting rights such as self-custody, mining, and peer-to-peer transactions in Oklahoma, Louisiana, Arkansas, and Montana. Porter expects that by 2025, 10 to 12 states will introduce Bitcoin reserve bills, and at least one of them may pass quickly. Although Porter did not disclose the specific state name, he said that the government intends to move forward after the state bill passes the key review stage. Once the bill is passed, the state may begin acquiring Bitcoin this year, which may set a precedent for wider adoption.

SAF has played a key role in promoting the development of Bitcoin, helping through education and policy development. They work directly with legislators to ensure that bills are not only approved, but also effectively implemented. Porter emphasized the effectiveness of legislative working groups, which evaluate bills during the legislative off-season. He explained: "In recent years, every bill approved by the working group has been successfully transformed into law." With the Bitcoin Reserve Act passing this process, the state is now ready to acquire Bitcoin.

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