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"The state started with Bitcoin. Who's next? And most importantly — why?"
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On May 7, New Hampshire passed a law that would have been called madness in any other year. Now up to 5% of treasury reserves can be invested in Bitcoin and other digital assets. Yes, you heard that right — in crypto. Government money. From the budget. In a volatile, unpredictable asset that just a couple of years ago politicians referred to as a "bubble" and "a threat to financial stability." What is this — foolishness? A desperate move? Or the beginning of something we are just not ready to understand?
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It seems to be about a tiny share — at most $450 million. A drop in the ocean, skeptics will say. But the market no longer reacts to loud tweets; it reacts to actions. And when a government — even a small one — puts Bitcoin on its balance sheet, it’s no longer about hype. It’s about trust. Moreover, not from crypto enthusiasts, but from officials in ties.
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So why such a sudden decision? Maybe New Hampshire sees cracks where others are still conveniently closing their eyes? The dollar is being printed non-stop, gold is rising, inflation is creeping back. In this context, the idea of "let's move part of the reserves into an asset that no one controls" suddenly doesn't sound so crazy.
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But now the main thing is the consequences. This is no longer just a random enthusiastic governor. This is the law. This is a reason for copying. And copying is already a wave. What if Texas, which has long been flirting with crypto miners, adopts a similar law? What if a country in South America sees this as a chance to free itself from the dollar? Where is the line between an experiment and a new norm?
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While the crypto community celebrates and investors wonder if the price will soar, it is worth asking a more uncomfortable question: are we ready for a world where Bitcoin becomes a reserve asset alongside bonds and gold? What does this mean for traditional finance? What does this mean for central banks, whose monopoly on monetary policy may be called into question for the first time in a century?
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Maybe New Hampshire is just a progressive region with unconventional thinking. Or maybe it's the first piece to drop in a long chain. If so, we are not witnessing an investment experiment but the beginning of a reprogramming of the very idea of money.
#BitcoinStrategicReserveAct