North Carolina Looks to Acquire Bitcoin


29 Jun 2023 10:15 AM

North Carolina allocates $50,000 to study whether the state should hold Bitcoin. The HB721 bill was passed with 75-38 votes....

  • The US state of North Carolina has passed a bill to study the impact of acquiring Bitcoin (BTC) and its viability as a hedge against inflation.
  • The bill allocates $50,000 to study if assets such as gold and Bitcoin could be used as a hedge against inflation.
  • The North Carolina Bitcoin bill received 75 votes in favor and 38 votes against it.
  • The crypto community believes that more states should follow North Carolina's example.

The sentiment towards the North Carolina Bitcoin bill and its potential impact is generally positive, with the crypto community expressing support and calling for more states to follow suit.

Go to publisher site

You May Ask

What is the purpose of the bill passed by North Carolina?How much funding has been allocated for the study?How did the North Carolina Bitcoin bill fare in the House of Representatives?What is the sentiment of the crypto community towards the bill?What concerns led to a one-year moratorium on crypto mining in North Carolina's Buncombe County?

Suggested Reads