📈 Michigan Poised to Bet Big on Bitcoin: Treasury Could Hold 10% in BTC

[theSignalyst]

Michigan’s House of Representatives just revived a stalled bill (HB 4807) that would allow the state treasury to invest up to 10% of its reserves in Bitcoin (and potentially other cryptos).

After seven months of nothing happening, the bill has now advanced to its second reading. If passed, this could mark a significant step in public finances embracing cryptocurrency exposure.

[Nahid10]

Big move Michigan considering up to 10% reserves in Bitcoin would be huge for state-level adoption

[Swipe]

That’s a massive step if it passes State-level adoption like this could set a precedent for others to follow. Imagine the domino effect if more states allocate reserves into Bitcoin