Loading...
Market
How many people will contribute to Texas's Strategic Bitcoin Reserve by December 31, 2026?
2
Resolution / Starting Odds
Less than 1,000 participants • 25%
1,000 to 5,000 participants • 25%
5,001 to 10,000 participants • 25%
More than 10,000 participants • 25%
Reports or announcements from the Texas State Treasury
Story
Texas Introduces H.B. No. 1598 Strategic Bitcoin Reserve Bill, Supported by Senator Bill Hagerty, to Enhance Fiscal Stability
Dec 12, 2024, 11:57 PM
Texas has introduced legislation to establish a Strategic Bitcoin Reserve, spearheaded by State Representative Giovanni Capriglione. The proposed bill, known as H.B. No. 1598, aims to make Texas a leader in cryptocurrency adoption by allowing the state treasury to invest directly in Bitcoin (BTC). This initiative is designed to enhance fiscal stability and will require that the assets be held for a minimum of five years. The legislation has garnered support from U.S. Senator Bill Hagerty, who emphasizes the importance of the U.S. being at the forefront of this movement. Other states, including Pennsylvania, are also considering similar legislation, indicating a growing trend among U.S. states to adopt Strategic Bitcoin Reserve measures. The bill also allows for Texas citizens to contribute to the fund, further engaging the public in the state's cryptocurrency strategy.
View original story
Similar markets
Yes • 50%
No • 50%
Less than $10 million • 25%
More than $100 million • 25%
$50 million to $100 million • 25%
$10 million to $50 million • 25%
Passed and implemented • 25%
Passed but not implemented • 25%
Rejected • 25%
Still under consideration • 25%
Increased by less than 50% • 25%
Decreased • 25%
No change • 25%
Increased by 50% or more • 25%
3-4 states • 25%
More than 6 states • 25%
5-6 states • 25%
0-2 states • 25%
1st • 25%
4th or lower • 25%
3rd • 25%
2nd • 25%