Bitcoin's Big Year: Will States Jump On Board in 2025?

The future of bitcoin is looking bright. With the new presidential administration in 2024, we might see a surge in crypto-friendly policies. Some states are already considering bills to make their laws more open to cryptocurrencies like bitcoin. Many people believe that bitcoin is a great way to protect against inflation, similar to gold. Supporters think that more government involvement will make bitcoin more stable and give it more credibility. But critics warn that investing in crypto is very risky. No one knows for sure how it will perform in the future, and people should be ready to lose money. Only a few public pension funds have invested in crypto so far. A recent study showed that crypto has very high ups and downs and there's no standard way to predict its future. This year was huge for crypto. Bitcoin hit $100, 000 and the first bitcoin exchange-traded funds were approved. Plus, the new president wants to make the U. S. the world's top bitcoin country. More crypto laws could be passed in 2025. States are under pressure to become more crypto-friendly. A new bill in Pennsylvania aimed to let the state treasurer and pension funds invest in bitcoin. But it didn't pass. The sponsor thinks it will be reintroduced. Some experts say that pension funds are unlikely to invest in crypto anytime soon. They prefer safe bets and bitcoin's track record is short. Pension funds might invest a little in crypto-related companies, but not in bitcoin itself. Some states have already invested in crypto. Wisconsin was the first state to invest $160 million in bitcoin ETFs. Michigan followed with $18 million. A New Jersey governor candidate wants the state's pension fund to invest in crypto, too.