Opinion: U.S. States Explore Bitcoin Reserves in Response to Trump’s Proposal, Boosting Crypto Market Optimism

Following Donald Trump’s election victory, several U.S. states, including Pennsylvania, Texas, and Ohio, are exploring frameworks to establish Bitcoin reserves, according to Odaily Planet Daily. This move aligns with Trump’s campaign proposal to create a federal strategic Bitcoin reserve, a concept that has gained momentum as his inauguration approaches.Experts, such as Eli Cohen, general counsel at Centrifuge, believe these developments could significantly benefit the cryptocurrency market by fostering broader adoption and institutional acceptance. While the feasibility of implementing Bitcoin reserves at a federal level remains under debate, the proactive interest from individual states signals growing confidence in Bitcoin as a strategic asset.