Missouri Proposes Bitcoin Reserve Bill – $250,000 BTC Coming Soon?

The latest move comes from Missouri, where a new bill proposing a Bitcoin reserve fund for state investments, a move that aligns with former President Donald Trump’s campaign promise, appears to be gaining traction.

With  17 US states now considering Bitcoin as part of their reserves, many experts believe this could be a big step towards BTC reaching $250,000.

Missouri Pushes for Creation of Bitcoin Reserve Fund
Missouri State Representative Ben Keathley has introduced  House Bill 1217 , which aims to make Bitcoin part of the state’s financial strategy. The bill, introduced on February 6, proposes that the Missouri treasurer should have the authority to receive, invest, and hold Bitcoin under specific conditions.

If approved, Missouri will also begin accepting Bitcoin for taxes, fees, fines, and other government-related transactions. However, those paying with Bitcoin will have to pay a transaction fee.

This bill could serve as an example for many states to incorporate digital assets into their financial policies.

Missouri is not alone in this initiative. Recently, Kentucky State Representative TJ Roberts  introduced Bill HB376 , which proposes that 10% of the state’s funds be invested in Bitcoin and other digital assets with a market capitalization exceeding $750 billion.

As of now, Bitcoin remains the top digital asset, making it a prime target for such investments.