North Carolina lawmaker introduces bill to invest up to 10% of public funds in Bitcoin

A state legislator in North Carolina, USA, has introduced a groundbreaking bill to invest the state's pension funds in the cryptocurrency Bitcoin (BTC). The "Investment Modernization Act" was proposed in the House of Representatives on March 24 and in the Senate the following day on the 25th, starting a new initiative to enable investment in digital assets. The proposed bill aims to establish the "North Carolina Investment Authority" directly under the state Treasury Department, and this new organization is considering allocating up to 5% of pension funds to digital assets such as cryptocurrencies, stable coins, and NFTs. Notably, there is no minimum market capitalization for stocks, and a thorough analysis of risk and return is required. In addition, another...