North Carolina Looks to Acquire Bitcoin

2023-6-29 13:15

The US state of North Carolina has passed a bill to study the impact of acquiring Bitcoin (BTC) and its viability as a hedge against inflation.

While governments have been holding gold in their treasuries, Bitcoin enthusiasts believe that BTC will have a similar use case in the future. In fact, countries like El Salvador are already accumulating Bitcoin.

North Carolina Allocates $50,000 to Study Bitcoin

According to Dan Spuller, the head of the Blockchain Association, the North Carolina House of Representatives passed an HB721 bill to explore the impact of holding BTC.

The bill would allocate $50,000 to study if assets such as gold and Bitcoin could be used as a hedge against inflation. The downsides of Bitcoin holding would also be taken into consideration.

The North Carolina Bitcoin bill received 75 votes in favor and 38 votes against it. Spuller calls it a “very important step to a more formal acknowledgement of Bitcoin in North Carolina.”

The crypto community believes that more states should follow the example. Twitter user Gilbert Niyo wrote:

“Way to go.  More states should follow the example. The more our politicians learn about Blockchain, innovation will change the US for the better.”

The development could be seen as a milestone for crypto adoption. However, North Carolina’s Buncombe County issued a one-year moratorium on crypto mining in April due to concerns about energy consumption.

Read our detailed guide on best mining methods here.

Got something to say about North Carolina Bitcoin or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or Twitter.

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.

The post North Carolina Looks to Acquire Bitcoin appeared first on BeInCrypto.

origin »

Bitcoin (BTC) на Currencies.ru

$ 93868.36 (+0.02%)
Объем 24H $57.532b
Изменеия 24h: 0.19 %, 7d: -0.35 %
Cегодня L: $91951.2 - H: $94247.58
Капитализация $1859.075b Rank 1
Цена в час новости $ 30549.69 (207.26%)

bitcoin study carolina north research holding downsides

Источник: beincrypto.com

bitcoin study → Результатов: 126


Nevermind The Bear: Developer Interest In Bitcoin Keeps Growing, New Study Shows

The market might be down, but developer interest in bitcoin isn’t. Since the all-time high almost a year ago, it has grown more than 8%, according to a recent study. Telstra Ventures’ data science team performed “health checks on 3 top blockchain ecosystems” and concluded that “open-source developers signal strength of web3 community.” The story […]

2022-8-19 15:43


Bitcoin Isn’t Just a Boy’s Club, Grayscale Report Finds 47% Female Investors Think Time to Invest in BTC is Now

Grayscale Investments, the digital asset management company has released a new study to understand if women and men share common perceptions of Bitcoin. As per this study, which is a follow up on a 2019 Bitcoin Investor Study, despite women being risk-averse, they are as much interested in Bitcoin as men and could be more […]

2019-12-10 20:03


New Chainalysis Crypto Study Shows Bitcoin’s Use For Facilitating Payments Severely Reduced In 2018

As per a study released by Chainalysis earlier this week, the use of Bitcoin (BTC) in relation to facilitating commercial payments has “reduced significantly this year”. In order to prepare for the aforementioned study, the research team over at Chainalysis surveyed 17 Bitcoin payment processors and the amount of BTC related transactions they had been […]

2018-11-21 21:13


Фото:

Add Crypto to Investment Portfolio: Enhance Return, Reduce Risk/Volatility

As an emerging asset class, cryptocurrency and blockchain technology related investments are gaining begrudging respect among finance professionals. Market slides aside for the moment, a study released by Grayscale Investments attempts to make the case investors should seriously consider adding crypto to their respective portfolios, as they bring better returns and, counterintuitively, reduce risk and […] The post Add Crypto to Investment Portfolio: Enhance Return, Reduce Risk/Volatility appeared first on Bitcoin News.

2018-6-14 14:40


Фото:

Research shows Bitcoin’s price increased due to tether manipulation

The U.S. dollar-pegged tether has been used to support bitcoin’s price during market downturns, a new study published by University of Texas at Austin professors. The published study states that the researchers used “algorithms to analyze the blockchain data, we find that purchases with tether are timed following market downturns and result in sizable increases in bitcoin prices.

2018-6-13 19:31


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

“Is My Money Safe?” Searches Top Charts in the US

The 21st century has been rife with financial distress and worries that our money isn’t safe. The Great Financial Crisis of 2008, and the COVID-19 pandemic, have left Americans feeling nervous and unsure about the future.

Embattled Markets Revive Bitcoin Inflation Hedge Argument

Growing economic instability, especially in the United Kingdom, has seen investors swarming back to Bitcoin as an inflation hedge. The post Embattled Markets Revive Bitcoin Inflation Hedge Argument appeared first on BeInCrypto.