State BitCoin accounts could start 247k BTC purchases if it was passed

The new Analysis of Vanecka suggests that 20 state bills for Bitcoin at the state level, if passed, could lead to $ 23 billion by Bitcoin, equivalent to 247,000 BTC.

This assessment excludes potential allocations of pension funds that could further increase demand if the legislators progress these proposals.

Matthew Sigel, Vaneck’s head of digital funds research, divided It is located in X, pointing out the growing interest in the American states in keeping Bitcoin as a reserve asset. These accounts, introduced in various legislation, propose that states assign a part of their reserves in Bitcoin (Btc).

The projected $ 23 billion buys pressure could add a significant instinct to the price of bitcoin, especially if pension funds and other state investment vehicles that manage state investment and other countries.

Although no country has implemented such legislation, growing support among policy makers indicates that the role of Bitcoin in State Reserves can be expanded.

State Bitcoin Accounts

Since February 2025. Numerous American countries are considering legislation for the establishment of Bitcoin Reservation. Significant, Utah has achieved significant progressWith its Bitcoin Reserved Account, which is 28. January 2025. brought a home home economic development committee, and currently awaiting the hearing of the Senate.

If approved, Utah could become the first country for the implementation of such a reservation.

Other countries are actively dealing with similar initiatives turn on Missouri, Arizona, Oklahoma and Kentucky. Kentucky recently became 16. The state to introduce the legislation for Bitcoin Reserve, Joins Otto Alaba, Florida, Massachi, North Dakota, Ohio, Oklahoma, Pennsylvania, Tekasa, Utah, Kansasa and Vioming.