Texas to Stash Bitcoin in State Vaults: Will This Spark a $150,000 BTC Boom?
exas passes a bill to create a Bitcoin reserve, awaiting Governor Abbott’s signature. Could this bold move drive Bitcoin to $150,000? Discover how it reshapes crypto’s future!
On May 21, 2025, the Texas House of Representatives passed Senate Bill 21 (SB 21) with a 101-42 vote, paving the way for a state-managed Strategic Bitcoin Reserve. The bill, now awaiting Governor Greg Abbott’s signature, authorizes Texas to invest in Bitcoin and cryptocurrencies with a market cap exceeding $500 billion for 24 months—currently only Bitcoin qualifies. Texas, with its $2.7 trillion economy, could become the third U.S. state to hold Bitcoin reserves, following New Hampshire and Arizona.
Why does this matter? The reserve aims to hedge against inflation and economic volatility, leveraging Bitcoin’s fixed 21 million coin supply. Governor Abbott, a known Bitcoin supporter, has 20 days to sign or veto the bill; inaction means it becomes law. Posts on X buzz with excitement, predicting Bitcoin could surge to $150,000 if Texas starts buying. However, critics warn of Bitcoin’s volatility, with potential price dips risking state funds. For new investors, this signals growing mainstream acceptance, but caution is key. Could Texas’ move ignite a crypto revolution or face unforeseen hurdles?
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
