#BitcoinStrategicReserveAct#

New Hampshire's decision to include Bitcoin in its strategic reserves could have a positive impact on the cryptocurrency's price. The bill, HB 302, allows up to 5% of public funds to be invested in digital assets and precious metals with a market capitalization over $500 billion, which currently only Bitcoin qualifies for. This move demonstrates growing institutional acceptance and adoption of Bitcoin, potentially paving the way for further investment.
*Potential Price Impact:*
- Increased demand: As more states or countries consider similar investments, demand for Bitcoin could rise, driving up its price.
- Market sentiment: This development might boost market confidence, attracting more investors and contributing to a price increase ¹ ².
*Trend for Other States or Countries:*
- Precedent setting: New Hampshire's move might encourage other states to follow suit, potentially creating a wave of Bitcoin adoption in state treasuries.
- Federal-level initiatives: The US government has also proposed similar policies, such as President Donald Trump's executive order to establish a "Digital Asset Stockpile" and a "Strategic Bitcoin Reserve".
- Global implications: If successful, this could inspire other countries to consider Bitcoin and digital assets in their strategic reserves ² ³.
*Key Players and Initiatives:*
- *Satoshi Action*: A nonprofit policy organization that helped draft the model for the bill and has been advocating for Bitcoin-friendly legislation.
- *Senator Cynthia Lummis's BITCOIN Act*: A proposed bill to hold over 1 million BTC through civil and criminal forfeitures.
- *State-level initiatives*: Other states like Arizona, Oklahoma, and North Carolina have proposed similar bills, although some have faced setbacks ¹ ² ⁴.