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VANECK estimated that if the proposals submitted by 20 US states are accepted to create a Bitcoin reserve, it will generate $ 23 billion in BTC purchases.

VANECK: Estimating Bitcoin reserves for the American states at $ 23 billion in BTC purchases

You areThe Director of Assets, issued an estimate The constantly increasing interest from the United States to create their Bitcoin state reserves.

especially, Matthew SegelThe head of the research in Fanf, stated this Analyze 20 American states Which suggested the government bitcoin reserves, It would generate BTC purchases of $ 23 billion. This amount That is, equivalent to about 247,000 BTC.

Here is his post on X:

We have analyzed 20 legislative proposals on the state levels of Bitcoin.

If approved, they can create purchases for $ 23 billion, equivalent to 247 thousand BTC.

This amount is independent of pension funds, which are likely to increase if legislators move forward. “

As specified by SIGEL, the analysis does not include BTC potential purchases by government pension funds, which will increase the demand.

Another clarification of Sign of Vaneck explains this No. 23 billion dollars is likely to be conservativeLooking at the absence of some details. In the United States list that suggested legislation to create a state reserve in Bitcoin, many of them “N/A” of unknown sizes.

VANECK and legislative proposals in the United States of America to create a Bitcoin state reserves

The analysis by Vaneck considered up to 20 states in the United States of America that established a Bitcoin state reserve law.

Among other things, last week Proposal It was presented in Missouri, called HB 1217, It appeared, which would allow the state to obtain BTC as a reserve and accept it for state payments.

Specifically, and Missouri Bitcoin reserve bill It was presented in the parliament in the state. Driver 1217 states that there is no clear limit to investments.

The strange thing is that Missouri had previously submitted another SB 614 bill, again to create a Bitcoin State Reserve, which is now in the hands of the Senate. This proposal includes a 10 % limit for BTC investments and states that once it is purchased, Bitcoins must be held for at least 5 years.

At the end of January, however, Senate Arizona consent The bill to use Bitcoin as a state reserve.

After that, other bills were made at the end of 2024 Ohioin Texas and Pennsylvania.

BTC price is less than 100 thousand dollars for more than 10 days

Meanwhile, The BTC price lasts less than $ 100,000 for more than 10 days. Time to write this reportBTC is worth 96,149 dollars.

BTC has fluctuatedIn the last 7 days, In the price range, 94,500 dollars and 99,950 dollars.

This trend is completely different from January 2025. Especially on January 20, the BTC price was $ 108,000.

The general feeling of bitcoin also decreased. As of today, Bitcoin Fear and Greed is a 50th degree, completely neutral.