North Carolina House Approves Study on State Holding Bitcoin

North Carolina House Approves Study on State Holding Bitcoin and Gold

North Carolina's House of Representatives has approved a bill to conduct a study on whether it's a good idea for the state to own Bitcoin and gold. The study will cost $50,000 and will look into how owning these assets could protect the state's money from inflation and risks in the financial system. It will also explore if owning Bitcoin and gold can help the state make more money from its investments. The bill suggests creating a special place to keep the state's Bitcoin, either managed privately or by the state itself. The bill still needs to be approved by the Senate. Additionally, North Carolina has also passed a law that says the state won't accept a type of digital money called a central bank digital currency, and they have temporarily stopped people from mining cryptocurrencies in one county.