Grit, Greed, and Gigabytes: New Hampshire Bets State Money on Bitcoin—Who’s Next?

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  • New Hampshire, tired of conventional banking soup, spices up 5% of its reserve with BTC and other digital contraptions.
  • The law kicks in by July 2025—will everyone else let envy eat them alive?

On a damp and stoic May morning, New Hampshire, known for granite and grumbling, marched into history’s ledger by clutching the Bitcoin [BTC] reserve bill with its broad, weathered hands. There, in the governor’s office, Governor Kelly Ayotte, triumphant as a peasant with fresh boots, declared:

“New Hampshire is once again first in the Nation! Just signed a new law allowing our state to invest in cryptocurrency and precious metals.”

New Hampshire Bitcoin reserve

Lifted like a battered lantern from the Satoshi Action Fund—those tireless crypto evangelists hollering in digital alleyways—the bill arrives. According to them (never short on hope), this law lets the state squirrel away BTC and whatever other shiny tokens boast market caps fatter than $500 billion.

Now, the state can seize BTC or any weighty digital coin, provided it has at least one foot weighing down the scales of global finance. The rule is simple enough: custodians or ETFs must baby-sit these digital treasures, and not a single Satoshi more than 5% of state funds can be involved. Even in modern times, the rich man still locks his door at night. 🗝️

ETF Store’s Nate Geraci, smelling the whiff of revolution, raised a brow and said, in a tone fit for barroom legends:

“And you still think crypto is a scam. Time to pay attention.”

Arizona and New Hampshire leapt into the melee, rolling about in the dust, each eager to be crowned Bitcoin Czar. But alas, Arizona’s dreams were dashed; their governor, suspicious of BTC’s reputation and even more suspicious of angry retirees, squashed the bill quick as a bureaucratic bug. 💸🪲

So, New Hampshire’s Bitcoin experiment lurches forward, set to mutate in sixty days—give or take a legislative migraine. The markets sharpen their claws: will New Hampshire empty its pockets with glee or buy a fraction of a coin and call it revolutionary? By July 2025, the cacophony of speculation will either echo or evaporate.

Up next to crush or chase the crypto dream: North Carolina and Texas. Who will join the pageant of digital hope and bottomless risk? For now, New Hampshire holds the candle. Try not to blink. 🕯️🤨

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2025-05-07 18:46