Eleanor Terrett is Fox Business’s Eleanor Terrett today revealed Pennsylvania House of Representatives will introduce legislation to allow state officials to keep Bitcoin in their balance sheet, as an asset of strategic reserve.
🚨The Pennsylvania House of Representatives has introduced legislation today that will allow the state to have Bitcoin as a reserve on its balance sheets in an effort to acknowledge Bitcoin. $BTC As a store for value.
Write-ups on @FoxBusiness Soon, soon.
— Eleanor Terrett (@EleanorTerrett) November 14, 2024
This past week, the overton windows finally changed and everyone seems to be scrambling for BTC. The snowball is growing in size and momentum.Â
What could happen?
- First of all, ordinary people have used bitcoins as long-term saving vehicles
- MicroStrategy becomes first public company to adopt the technology
- El Salvador became first country to adopt it
- Spot ETFs are now available from corporations
- The US president-elect has committed to creating a BTC Reserve.
- US states have introduced legislation to create a BTC-based reserve
- Rumors suggest that foreign nations have been buying Bitcoin to bypass the US
It is likely that this list will continue to grow. Pennsylvania is likely to be followed by more US states in future. Especially the conservative ones. Bitcoin has become more popular. impossible to ignore.
Remember, 94.20% The total supply of 21,000,000 bitcoins has been released.
- Estimates suggest that 3-5 Million of the coins are lost forever
- US Bitcoin ETF hold 1,07 Million BTC
- MicroStrategy has 279,420 BTC
- The US has 208.109 BTC
- BTC has been seized by many countries.
- BTC has been used in large quantities by both public and private firms
- ? BTC amounts owned by ordinary people across the globe
I thought that bitcoin adoption would be at this level in a few years, but now, with the support of large institutions and all their momentum, I’m confident we’ll hit this milestone. $100,000 bitcoin Much sooner than expected
Price of bitcoin has increased by 130% since last year, as supply shrinks every day. It’s a runaway, people.
As states, countries, and corporations will continue to buy BTC, I’m eager to keep accumulating bitcoin before I reach that $100k magic number.
From there, I believe the floodgates really will open.
This is not a good article. Take. The opinions expressed here are those of the authors and not BTC Inc. or Bitcoin Magazine.
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Source: bitcoinmagazine.com
