Nineteen US states are now considering bills to invest in Bitcoin, potentially sparking a massive surge in the entire crypto market. This includes the exciting world of meme coins!
States Embrace Bitcoin: A Growing Trend
North Carolina just became the latest state to propose a bill allowing the state treasurer to invest in digital assets, creating a Bitcoin reserve fund. This follows a similar trend across the US, with 19 states now considering similar legislation. Arizona and Utah have already passed such bills and are awaiting final approval. Only North Dakota has rejected a similar proposal so far.
Here’s a list of the 19 states that have proposed Bitcoin reserve bills:
- Alabama
- Florida
- Illinois
- Iowa
- Kansas
- Kentucky
- Maryland
- Massachusetts
- Missouri
- Montana
- New Hampshire
- New Mexico
- North Carolina
- Ohio
- Oklahoma
- Pennsylvania
- South Dakota
- Texas
- Wyoming
Why This is Big News for ALL Crypto
Increased government acceptance of Bitcoin is a huge win for the entire cryptocurrency market, not just Bitcoin itself. It signals a growing level of trust and could attract more traditional investors. This positive sentiment benefits even newer cryptocurrencies, including meme coins.
Meme coins had a phenomenal 2024, with their combined market cap skyrocketing from $20 billion to a staggering $120 billion – a 500% increase! This year, all eyes are on how these coins, both established and new, will perform.
BTC Bull: A New Meme Coin to Watch
One exciting new meme coin is BTC Bull ($BTCBULL). Launched on February 10th, it raised $100,000 in minutes and over $533,000 in less than a day. What makes it unique? It offers real Bitcoin airdrops to its holders every time Bitcoin hits a significant price milestone ($150K, $200K, $250K, and beyond). This means you can profit from Bitcoin’s growth without actually owning Bitcoin.
The BTC Bull presale is in its early stages, making now an ideal time to buy at the lowest possible price ($0.002355 per $BTCBULL). However, this price is unlikely to last long.
Before investing, always do your own research (DYOR). Check out the BTC Bull whitepaper and their X (formerly Twitter) account for updates. You can purchase $BTCBULL on the official website or through the Best Wallet app./p>