West Virginia lawmakers propose allowing state finances to invest in Bitcoin

BlockBeats News: On February 15th, West Virginia Senator Chris Rose submitted a bill proposing to allow the state Treasury to invest up to 10% of its funds in Bitcoin or precious metals to hedge against inflation risks. The bill stipulates that state finances can invest in digital assets with a market value exceeding $750 billion, and currently only Bitcoin meets the criteria. Assets can be held on chain or invested through ETFs.