Pennsylvania Considers Bitcoin for State Reserves

#Pennsylvania is exploring a bold financial step by proposing to invest up to 10% of its $7 billion reserve into Bitcoin. The Pennsylvania #Bitcoin Strategic Reserve Act aims to use Bitcoin as a hedge against inflation.

- Legislation: Allows investment in Bitcoin for state reserves.

- Goal : Hedge against inflation and diversify state investments.

- Potential Impact : Could influence other states and increase Bitcoin's mainstream adoption.

This move might set a precedent for state financial strategies involving cryptocurrencies.