North Dakota is exploring legislation to incorporate Bitcoin and other digital assets into state reserves, aiming to diversify investments and combat inflation.
The proposed House Concurrent Resolution 3001 urges North Dakota's State Treasurer and Investment Board to invest portions of key funds in alternative assets, including digital assets and precious metals.
While Bitcoin is not explicitly mentioned in the proposal, its market dominance positions it as the primary candidate for inclusion.
Other states like Texas, Florida, Pennsylvania, and Alabama have also considered cryptocurrency reserves, driven by the growing interest in Bitcoin's potential to stabilize government finances.