20 states in the United States are pushing for the BTC reserve bill! Will Trump fulfill his BTC promise?

With the increasing global attention to digital assets, various states in the United States are actively promoting the enactment of BTC reserve bills. According to the latest market analysis, the implementation of these bills may trigger a demand for BTC purchases of up to $23 billion, equivalent to about 242,700 BTC. This trend not only reflects the rising status of BTC in the mainstream financial system, but also injects new vitality into the global cryptocurrency market.

Although formal legislation has not yet been passed, many states in the United States have proposed plans for BTC reserves to varying degrees. For example, Florida recently introduced a bill allowing the state to invest in BTC and other cryptocurrencies. Representatives from North Carolina have also proposed a bill that would allow the state treasurer to invest in 'eligible digital assets.' Representatives from Texas, Pennsylvania, Ohio, and other states have proposed using public funds to invest in BTC. As of now, 22 states in the United States have submitted BTC reserve plans. Among them, the proposal from North Dakota was rejected, while the proposals from Utah and Arizona have received preliminary approval and are awaiting further review by the state senate. This series of actions indicates that states are actively exploring the possibility of BTC as a national asset, promoting the process of its legalization.

In this regard, asset management company VanEck analyzed 20 state-level BTC reserve bills, pointing out that if these bills are implemented, they could bring about $23 billion in purchasing demand. Moreover, this number may still be conservative as the specific plans of many states have not been fully disclosed yet. At the same time, this estimate does not include potential pension fund allocations, and as legislation progresses, this number may further increase. This indicates that there is still significant room for development as states explore how to use BTC as part of their assets.

Now, as states push forward with the BTC reserve bill, whether President Trump will fulfill his commitment to BTC has become the focus of the market's attention. The latest news is that last month, Trump appointed a group to develop a regulatory framework for digital assets, covering stablecoins and evaluating the national digital asset strategic reserve. White House "Cryptocurrency Czar" David Sacks also emphasized that BTC, as the world's most powerful cryptocurrency, has excellent value storage capabilities, and its status is gaining increasing recognition. Although Trump's promise has not been realized at the federal level, the advancement of state-level BTC reserve bills provides an important reference for federal legislative efforts. Experts believe that if multiple states successfully implement BTC reserves, the federal government may follow suit, further promoting the mainstreaming of BTC. In addition, the BTC reserves of countries worldwide are gradually increasing. From the fourth quarter of 2022 to the fourth quarter of 2024, governments of various countries have added approximately 377,000 BTC, most of which were confiscated from criminal funds. This trend not only reflects the value of BTC but also demonstrates the efforts of countries in regulating and legalizing encryption assets. In short, whether Trump will fulfill his Bitcoin promises, and whether the legislation in future states can proceed smoothly, will directly impact the market outlook for Bitcoin and investor confidence. As more and more states join the ranks of Bitcoin reserves, the United States may form a more complete Cryptocurrency ecosystem, driving the mainstreaming process of digital assets. Despite facing many challenges in the implementation process, the potential of BTC as a reserve asset has been widely recognized. With the advancement of legislation and changes in the market, BTC is expected to play a more important role in the global economy, providing investors with new opportunities. #Token Reserve