You Won’t Believe Why New Hampshire Is Hoarding Bitcoin Like It’s The Last Biscuit!

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Well, dash my buttons! In a move sure to set the cat amongst the digital asset pigeons, the sturdy legislators of New Hampshire have decided to do what every sensible aunt with a tin of Quality Street does before Boxing Day—stock up. Yes, dear reader, the Granite State is now the proud owner of something called a “state-level Bitcoin and cryptocurrency reserve”—essentially a piggy bank, but for grown-ups with an adventurous gleam in their eye (and a keen appreciation for blockchain).

New Bitcoin Reserve Legislation 

Governor Kelly Ayotte, never one for subtlety, clambered onto social media—on X, formerly Twitter (no, I can’t keep up either)—declaring, “New Hampshire is once again First in the Nation!” One presumes the exclamation point was well-earned, as the state can now plonk up to 5% of its public funds into precious metals and those ethereal digital assets, with Bitcoin getting pride of place. Apparently, gold coins were getting a touch passé for the modern treasurer. 💰

This bill, which answers to the distinguished title “HB 302” (no relation to a luxury car, more’s the pity), thrusts New Hampshire to the front of the pack. The Trump bunch once pondered a national Bitcoin stash, but frankly, their effort was all talk, no shopping spree. New Hampshire, possibly spurred by Yankee thrift or a deep distrust of fiat currency, has decisively thrown down the digital gauntlet. More power to their elbow.

Unlike the dilly-dallyers beyond their borders, New Hampshire’s movers and shakers have adopted the “hedge-your-bets-against-inflation” model. In plain terms, they’re hoarding sats and hoping the whole thing doesn’t turn into Beanie Babies 2.0. Bold stuff! 🕵️‍♂️

Crypto Reserve Bills: The Reluctant Wallflowers

Bitcoin boosters have been banging the drum—for governments to lay in a stash of digital dosh—since the dawn of time (or at least since 2009). The reasoning is sound enough: Governments join in, everyone’s happy, prices go up, and we all buy yachts (terms and conditions apply).

New Hampshire, brandishing its freshly-passed bill like a victorious pie at a village fête, is out there leading by example. Meanwhile, the likes of Montana, Wyoming, North Dakota, and Pennsylvania have ducked out of the dance altogether, unable to decide whether Bitcoin is a ticket to prosperity or just a jolly good way to confuse accountants. Florida, not one to be left out when it comes to second thoughts, has yanked its own bill back to committee, perhaps hoping no one noticed. 🙈

And as of this moment, Bitcoin’s tiptoeing around $95,100, nervously eyeing the fabled $100,000 mark, which, much like Aunt Agatha’s antique vase, is precious and perilously hard to reach. Will it crack the barrier or bounce off it in dramatic fashion? Place your bets, ladies and gents, but remember—past performance is no guarantee of not having to explain yourself at dinner parties.

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2025-05-06 23:36