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West Virginia Takes Bold Step: State Legislature Proposes Allocating 10% of Public Funds to Bitcoin
In a significant development for the cryptocurrency industry, West Virginia's state government has introduced legislation that could see the state reserve approximately 10% of its funds in Bitcoin holdings. This move signals growing acceptance of digital assets at the governmental level and reflects the shift in how institutional players view Bitcoin's role in treasury management.
The proposal, if passed, would position West Virginia as one of the first U.S. states to formally adopt Bitcoin as part of its official reserves—a development that could spark similar discussions across other state legislatures. Market observers view this as a bullish signal for Bitcoin adoption, potentially opening doors for broader institutional integration.
For the crypto community, this represents more than just headlines; it underscores how Bitcoin is transitioning from speculative asset to recognized store of value among policymakers.