Michigan Bitcoin Reserve Bill: A Step Forward

Michigan could be the next state to invest in Bitcoin! After seven months, the Bitcoin Reserve Bill (HB 4087) advances, proposing up to 10% of state reserves in Bitcoin. Is this a smart move or a risky gamble with taxpayer money? We break down the potential benefits, the concerns about volatility, and how this fits into a growing national trend of governments and corporations embracing Bitcoin. Plus, we'll cover Bitcoin's recent price surge and what it means for the future of cryptocurrency in public finance. Hosted on Acast. See acast.com/privacy for more information.