20 states in the United States plan to introduce Bitcoin reserve laws, which may drive $23 billion in buying

According to Vaneck analyst Matthew Sigel, 20 states in the United States are pushing for Bitcoin reserve related bills. If all of them are passed, it is expected to drive $23 billion in funds into the Bitcoin market, equivalent to approximately 247000 BTC. The study covers reserve funds, pension plans, and other state-level investment mechanisms in various states, with some states proposing to use state budget surpluses, stabilization funds, and land funds for Bitcoin investment.