The state’s lawmakers recently introduced HB 92 , a groundbreaking bill. It could open the door for North Carolina to invest state funds in Bitcoin and other digital assets.
If passed, this Bitcoin bill would allow the state to allocate up to 10% of its funds into exchange-traded products (ETPs). These ETPs would be tied to digital assets with a market cap above $750 billion.
North Carolina’s Bitcoin Bill: A Strategic Step Toward Digital Asset Investment
With this bill, North Carolina could tap into the growing digital asset market. It has drawn attention from institutional investors, governments, and large corporations alike. The bill also lays the groundwork for a potentially huge leap in how states manage their finances.
The proposal’s focus on assets with a market cap above $750 billion makes it clear that the state isn’t rushing into investments. It is being selective about which cryptocurrencies to invest in. The bill targets major digital assets, primarily Bitcoin.
🚨 NEW: NORTH CAROLINA BITCOIN BILL
HB 92 would allow NC to invest 10% of state funds into exchange traded products of digital assets above $750b market cap (i.e. Bitcoin ETFs). pic.twitter.com/5LorVYU42d
— Julian Fahrer (@Julian__Fahrer) February 10, 2025
This move is expected to increase the state’s potential for investment growth while embracing an emerging technology. For taxpayers, this could mean greater financial security as state funds are diversified into an asset class.
More About Bitcoin Institutional Demand
IBIT , the world’s largest Bitcoin ETF, is on track to surpass the world’s largest Gold ETF in assets under management (AUM). This milestone highlights the growing institutional and retail interest in Bitcoin as a store of value. This is increasingly seen as a hedge against inflation and economic uncertainty.
BREAKING: IBIT, the worlds largest #Bitcoin ETF is about to overtake the worlds largest #Gold ETF in AUM. pic.twitter.com/PSpMqqFS5e
— Carl ₿ MENGER ⚡️🇸🇻 (@CarlBMenger) February 10, 2025
With its rapid growth in AUM, IBIT is catching up to the long-established gold market. This demonstrates how Bitcoin is gaining momentum as a serious financial asset. This shift signals a major turning point in the investment landscape. So, digital assets like Bitcoin are beginning to rival traditional commodities like gold.
Disclaimer
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