North Carolina’s Digital Assets Investments Act
Destin Hall, the Speaker of the House in North Carolina, took to social media platform X to disclose the introduction of the North Carolina Digital Assets Investments Act (HB 92). This legislation is designed to empower the State Treasurer to allocate state funds towards digital assets, effectively establishing a reserve fund that aims to broaden the state’s investment portfolio.
According to Hall, this initiative echoes former President Trump’s ambition of instituting a national Bitcoin stockpile and underscores North Carolina’s commitment to leading digital asset policies at the state level.
The proposed legislation stipulates that state investments can be made in exchange-traded products (ETPs) linked to digital assets, contingent upon these assets maintaining an average market capitalization of at least $750 billion. However, these investments are capped at a maximum of 10% of the state’s total funds.
The Expanding Landscape of Cryptocurrency Legislation in the U.S.
This recent legislation from North Carolina increases the tally to 19 U.S. states actively pursuing crypto investment laws. It’s noteworthy that Arizona and Utah have previously passed similar bills that are now pending a vote from their respective senates. For an updated count, the Bitcoin Reserve Monitor lists the 19 states currently in favor of crypto investment legislation.
Interestingly, North Dakota stands alone as the only state to have rejected a proposal for a strategic Bitcoin reserve.
Implications for the Overall Crypto Market, Including Meme Coins
As the foremost digital currency, Bitcoin’s success directly influences the entire cryptocurrency market. Increased acceptance and regulation of Bitcoin by governmental bodies can stimulate interest from traditional investors in the crypto space.
Meme coins, in particular, have begun to solidify their presence in the market. In 2024 alone, this niche category of cryptocurrencies amassed a staggering market capitalization of $20 billion, escalating to an incredible $120 billion—a phenomenal 500% growth over the preceding year.
This impressive performance has generated considerable attention toward established meme coins such as $DOGE, $SHIB, and $PEPE, as well as newly launched coins and those currently in presale stages.
Spotlight on New Trends: BTC Bull Token
One of the most compelling newcomers in the meme coin market is BTC Bull ($BTCBULL). Launched on February 10, this presale token amassed $100,000 within moments. Remarkably, just one day later, its total surged to over $533,000.
BTC Bull Token presents a unique investment proposition, aiming to elevate the price of Bitcoin to $250,000 and above. This token is set apart by featuring genuine Bitcoin airdrops for its holders, meaning $BTCBULL token owners will receive Bitcoin rewards whenever the price reaches significant milestones.
This model allows token holders to benefit from Bitcoin’s price surges without having to own any Bitcoin directly, establishing BTC Bull as a strong contender in the current market. The initial airdrop will occur when Bitcoin’s price hits $150,000.
The excitement among the $BTCBULL community is palpable, as future airdrops are planned for when Bitcoin reaches $200,000, $250,000, and even higher threshold values up to $1 million.
The current presale stage of BTC Bull Token offers investors a once-in-a-lifetime opportunity to buy in at an initial price of just $0.002355. As the price is likely to rise soon, this is an opportune time to consider investing.
With Bitcoin on a trajectory to establish itself as the leading asset globally, acquiring $BTCBULL during this presale could yield significant returns later. Interested parties can invest through the official BTC Bull Token website or the Best Wallet application.
It’s crucial to conduct thorough research before investing. The BTC Bull whitepaper is a valuable resource for potential investors, along with regular updates available on the $BTCBULL platform on X.
