North Carolina is the most recent US state to introduce a strategic Bitcoin reserve bill. That’s not only good news for Bitcoin – it’s great news for the entire crypto market, including meme coins.
North Carolina Speaker of the House Destin Hall announced on X that he had filed the North Carolina Digital Assets Investments Act (HB 92). This would effectively authorize the State Treasurer to invest in digital assets to create a reserve fund, thereby diversifying the state’s investments.
This, he added, aligns ‘with President Trump’s vision for a national Bitcoin stockpile and ensuring North Carolina leads at the state level.’
The proposed bill allows the use of state funds to invest in exchange-traded products (ETPs) linked to digital assets as long as those assets have an average market capitalization of at least $750B. And those investments cannot exceed 10% of the state’s total funds.
The Great Migration to Strategic Bitcoin Reserves Amid the US Crypto Rush
This recent move by North Carolina brings the number of US states currently with a bill proposing crypto investment legislation to 19.
This ever-growing list of states that are embracing digital assets excludes Arizona and Utah, where strategic Bitcoin reserve bills have already been passed. They now await a vote by the respective senators. Here are all 19 as per the Bitcoin Reserve Monitor:
So far, North Dakota is the only US state where a proposal for a strategic Bitcoin reserve has been rejected.
Why is This Good for All Crypto, Including Meme Coins?
Bitcoin is the granddaddy of crypto. And what’s good for Bitcoin is good for all — even new cryptocurrencies. The more crypto is accepted by governments, the higher the likelihood that traditional investors will look to crypto.
Meme coins, meanwhile, really came into their own last year. In 2024, these saw a combined market capitalization of $20B; they grew 500% over 12 months to end the year at an eye-watering $120B.
Little wonder all eyes are on the top meme coins to see how they’ll perform this year. And it’s not only $DOGE, $SHIB, $PEPE, and the other meme coin OGs that are worth watching. Newly listed meme coins and even those on presale are definitely worth watching.
One of the newest kids on the block – BTC Bull ($BTCBULL) – is a prime example. This presale meme coin launched on February 10 and raised $100K within minutes. Less than one day later, its kitty stands at over $533K.
The BTC Bull Token offers a very unique proposal. Built to champion $BTC’s charge to $250K and beyond, it’s the only crypto (never mind meme coin) with real Bitcoin airdrops. If you’re a $BTCBULL Token holder, you’ll receive that $BTC every time Bitcoin reaches a significant price milestone.
That means benefiting from Bitcoin price rallies without needing to hold any $BTC. And that makes BTC Bull one of the best coins to invest in and hold. The first BTC Bull airdrop will take place when the $BTC price hits $150K.
Although even that milestone is FUD in the eyes of the Meme Bull Army of $BTCBULL Token holders. Crypto airdrops will take place when $BTC reaches $200K, again at $250K, and onwards to the $1M mark.
The BTC Bull presale is in its very first stage. This means the $BTCBULL price is currently the cheapest it will ever be. In other words, at $0.002355 for 1 $BTCBULL, the price doesn’t get more early bird than this.
It won’t stay that price for long, though. A price increase is around the corner. So, with $BTC on track to become the number one asset in the world, now’s the time to get your hands on some $BTCBULL. Do that on the official BTC Bull Token website or via the Best Wallet app.
Don’t forget to first DYOR, though. The BTC Bull whitepaper has valuable info, and visit $BTCBULL’s X platform for regular updates.
