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North Dakota Eyes Crypto for Treasury: Could Bitcoin Be Included?

  • 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.

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