tldr; Texas has launched a $5 million cryptocurrency reserve by purchasing Bitcoin, becoming the first U.S. state to make such an investment. The initiative, led by the Texas Comptroller’s Office, aims to strengthen the state’s financial position and compete in the digital economy. Texas is also a leader in crypto mining, hosting 27 facilities, but faces criticism over Bitcoin’s volatility and environmental concerns. Supporters view the move as a strategic step toward embracing digital currencies and fostering economic growth.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
TheGreatCryptopo on
Thought at first they went via a 3rd party like Blackrock with an ETF but looks like they went the direct root and now holders of a few bitcoins. At least 50. Not a bad start lets hope other states follow suit.
Numerous_Wonders81 on
At least algorand is quantum resistant
Tony4Live on
If you want to be successful in life, do exactly the opposite of whatever Texas does.
WonderResponsible375 on
Listen…. Some people may clown but I actually think this is a wise move on their part regardless if the value goes up or just becomes a … Failed venture.
You still got it. It’s better to have it than not. They’re seeing the world is playing around with this new thing and some nations are even holding it and didn’t wanna be left out. Put it to the side and it’s one more card I have to play. Respect. I would expect any wise state to do the same. It’s no different than stocking up anything else…. Euros, yen, hell
Silos of grain .
rling_reddit on
I hate to see government purchasing BC. The more they get involved, the more they will fuck it up, for everyone
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tldr; Texas has launched a $5 million cryptocurrency reserve by purchasing Bitcoin, becoming the first U.S. state to make such an investment. The initiative, led by the Texas Comptroller’s Office, aims to strengthen the state’s financial position and compete in the digital economy. Texas is also a leader in crypto mining, hosting 27 facilities, but faces criticism over Bitcoin’s volatility and environmental concerns. Supporters view the move as a strategic step toward embracing digital currencies and fostering economic growth.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Thought at first they went via a 3rd party like Blackrock with an ETF but looks like they went the direct root and now holders of a few bitcoins. At least 50. Not a bad start lets hope other states follow suit.
At least algorand is quantum resistant
If you want to be successful in life, do exactly the opposite of whatever Texas does.
Listen…. Some people may clown but I actually think this is a wise move on their part regardless if the value goes up or just becomes a … Failed venture.
You still got it. It’s better to have it than not. They’re seeing the world is playing around with this new thing and some nations are even holding it and didn’t wanna be left out. Put it to the side and it’s one more card I have to play. Respect. I would expect any wise state to do the same. It’s no different than stocking up anything else…. Euros, yen, hell
Silos of grain .
I hate to see government purchasing BC. The more they get involved, the more they will fuck it up, for everyone