‘Another state will be joining’ Bitcoin reserves, but are investors skeptical?

• States actively push ‘Strategic Bitcoin Reserve’ initiatives, led by Ohio’s groundbreaking laws.
• Trump’s cryptocurrency working group indicators federal curiosity amid rising state-level Bitcoin adoption.

Amid the rising buzz surrounding President Donald Trump’s proposal to determine a Strategic Bitcoin [BTC] Reserve for the US, particular person states seem like aligning with the motion.

One other state joins the Bitcoin Reserve race?

The initiative has gained momentum, with Dennis Porter, co-founder of the Satoshi Motion Fund (SAF), revealing on X (previously Twitter) {that a} state legislator has privately expressed curiosity in supporting the reserve.

He said, 

“A state lawmaker simply hit me up in my DMs. One other State might be becoming a member of the ‘Strategic Bitcoin Reserve’ motion. The states will lead.” 

In a separate tweet, he additional added, 

“I can affirm that at the least 15 states will introduce ‘Strategic Bitcoin Reserve’ laws. Possibly even 16. As a reminder, solely 3 months in the past this quantity was zero.” 

Replying to Porter, a user famous, 

“States embracing Bitcoin reserves present the place the actual innovation is going on—bottom-up management whereas the federal degree drags its toes.”

This highlights the important thing function states are taking in driving this groundbreaking initiative ahead.

Polymarket knowledge and Ohio’s daring transfer

Nonetheless, regardless of the rising enthusiasm, Polymarket data on the query, “Will Trump create a Bitcoin reserve in his first 100 days?” reveals solely a 21% chance, reflecting skepticism amongst bettors.

Nonetheless, Ohio has already taken decisive steps with a newly launched invoice to determine a ‘Strategic Bitcoin Reserve.’

Spearheaded by the Majority Whip and backed by six co-sponsors, the invoice permits the state to allocate as much as 10% of its basic fund, funds stabilization fund, and prize belief fund into BTC.

It additionally incorporates stringent measures, corresponding to requiring sturdy self-custody or certified custodians for asset administration.

Designed to reduce political opposition, the invoice makes use of the time period “digital asset” whereas sustaining a transparent give attention to Bitcoin by mandating a $750 billion market cap and a 12-month common threshold—standards that at present solely BTC meets.

This proactive strategy goals to safeguard the state’s funds in opposition to inflation and guarantee speedy adaptability within the evolving monetary panorama.

Remarking on this, Billionaire and Bitcoin fan, Vivek Ramaswamy added, 

Supply: Vivek Ramaswamy/X

Trump’s dedication

This coincides with President Trump’s directive to establish a cryptocurrency working group and underscores a powerful dedication to reshaping nationwide crypto insurance policies, together with the exploration of a cryptocurrency stockpile.

Whereas Polymarket knowledge casts doubt on fast developments, the rising curiosity from states like Wyoming and Massachusetts, alongside Switzerland‘s consideration of BTC for its reserves, indicators a broader shift in attitudes.

Current legislative efforts in Texas and Oklahoma additional point out that the concept of a Bitcoin Reserve is now not simply theoretical—it’s gaining traction.

Although uncertainties stay, these developments trace at a brand new period for Bitcoin’s function in monetary programs, the place its adoption as a strategic reserve asset may turn out to be a tangible actuality.