Key Points
- Wyoming and Massachusetts are considering incorporating Bitcoin into their public asset reserves.
- Polymarket predicts a 56% chance of a U.S. Bitcoin reserve in the first 100 days of Trump’s office.
Wyoming and Massachusetts are the latest U.S. states to consider the integration of Bitcoin (BTC) into their public asset reserves.
Draft legislation has been introduced in both states, joining the growing list of states considering Bitcoin-backed initiatives. By 2025, it is predicted that at least 15 states will include Bitcoin in their reserves.
Wyoming’s Bitcoin Initiative
In Wyoming, the proposed bill could lead to the inclusion of Bitcoin in the state-managed investment portfolios, which are projected to hold nearly $30.8 billion in assets by 2024.
This initiative has received strong support, including from Senator Cynthia Lummis. If the bill is passed, Wyoming could allocate over $300 million to Bitcoin investments.
Massachusetts’ Bitcoin Bill
Massachusetts Senator Peter Durant has proposed a similar bill, titled “An Act Relative to a Bitcoin Strategic Reserve”. This bill would allow the Massachusetts State Treasurer to invest up to 10% of the annual deposits in the Commonwealth Stabilization Fund into Bitcoin or other digital assets.
If this proposal is accepted, Massachusetts could allocate up to $800 million to Bitcoin, marking it as one of the latest states to consider integrating digital assets into their financial strategies.
According to Polymarket data, there is a 56% chance that President-elect Donald Trump will establish a Bitcoin reserve within his first 100 days in office.
In addition, Coinbase CEO Brian Armstrong has publicly supported the proposal, adding weight to the growing call for integrating Bitcoin into the U.S. financial framework.
The crypto community is optimistic about potential pro-crypto executive actions from President Donald Trump, especially on his first day in office. This includes the possible ‘freezing’ of crypto lawsuits and the establishment of a Bitcoin Reserve.
These developments have sparked enthusiasm for the role Bitcoin could play in the nation’s economic future.
