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Once upon a time, in the land of 10,000 lakes and one very confused senator, Bitcoin was the villain. Now? It’s the hero of the story. 🦸♂️
Minnesota State Senator Jeremy Miller, who once looked at Bitcoin like it was a suspicious casserole at a potluck, has introduced the Minnesota Bitcoin Act. This act would allow the state to invest in Bitcoin and let residents pay taxes with it. Because nothing says “fiscal responsibility” like paying your property taxes in digital Monopoly money. 💸
“As I do more research on cryptocurrency and hear from more and more constituents, I’ve gone from being highly skeptical to learning more about it, to believing in Bitcoin and other cryptocurrencies,” said Miller, who now sounds like a guy who just discovered the internet in 1995.
This isn’t just a Minnesota thing, though. Twenty-three other states are jumping on the Bitcoin bandwagon, because apparently, the future of finance is a decentralized rollercoaster that no one really understands. 🎢
What Happens If This Passes?
If the Minnesota Bitcoin Act becomes law, the state’s investment board could start buying Bitcoin like it’s a limited-edition Beanie Baby. State employees might even get to add Bitcoin to their retirement portfolios, because who needs a stable 401(k) when you can have a volatile crypto wallet? 📉📈
Oh, and if you’ve ever wanted to pay your taxes in Bitcoin, this could be your chance. Because nothing says “patriotism” like sending the government a digital token that could lose half its value by the time they cash it out. 🇺🇸
But Wait, There’s More!
Senator Cynthia Lummis is pushing for a federal Bitcoin reserve, which could mean the government hoards over one million BTC. Because if there’s one thing the government is good at, it’s hoarding things. 🏦
Meanwhile, states like Texas and New Hampshire are drafting their own Bitcoin investment plans, while Colorado and Utah are already letting people pay taxes with crypto. Because why wait for the future when you can dive headfirst into it? 🚀
At press time, Bitcoin was trading at $83,365.00, which is either a lot or a little, depending on how much you paid for your first Bitcoin. Either way, the legislative interest in crypto is growing faster than a meme stock. 📈
So, will Bitcoin become the new gold standard, or will it crash and burn like a failed Kickstarter project? Only time will tell. But one thing’s for sure: Minnesota’s senator is all in. 🎰
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2025-03-19 15:06