South Dakota Takes Another Shot at Bitcoin Investments

South Dakota is trying again to put some of its money into Bitcoin. A lawmaker there, Logan Manhart, has brought back a bill that would let the state invest up to 10% of its public funds in Bitcoin. This is the same idea he tried last year, but it didn't work out then. Last time, the bill failed because people were worried about Bitcoin's ups and downs in price. They also thought Bitcoin didn't have real value like other things they could invest in. But now, Manhart is giving it another shot. The new bill has some strict rules. If it passes, the state would have to keep its Bitcoin safe. They would need to use special encrypted storage and make sure only certain people can approve any moves. They would also have to check their security often.Bitcoin has been around for a while now, and it's not as wild as it used to be. More big companies and institutions are getting into it. But some people still don't trust it because it doesn't make money like stocks or bonds do. If South Dakota goes ahead with this, it would be a big deal for Bitcoin. It would show that even governments think it's worth something. But South Dakota isn't huge, so it might not move the market much. Still, it could encourage other states to do the same. Manhart is hopeful. He thinks Bitcoin is strong money and that investing in it could be good for the state. But he'll have to convince others that it's a good idea. Last time, they weren't sold. We'll see if he can change their minds this time.