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How much Bitcoin will Texas hold in its Strategic Reserve by December 31, 2027?
3
Resolution / Starting Odds
Less than 500 BTC • 25%
500 to 1,000 BTC • 25%
1,001 to 5,000 BTC • 25%
More than 5,000 BTC • 25%
Financial disclosures or reports 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.
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Increased by 50% or more • 25%
Increased by less than 50% • 25%
No change • 25%
Decreased • 25%
Yes • 50%
No • 50%
Increase over 10% • 25%
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Less than 100,000 BTC • 25%
100,000 to 199,999 BTC • 25%
200,000 to 299,999 BTC • 25%
300,000 BTC or more • 25%
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