North Carolina House passes bill to commission study on holding Bitcoin

A bill that would see North Carolina’s Treasurer study the feasibility and benefits of the state holding Bitcoin has passed the lower house of the state’s legislature.which would commission a $50,000 study to examine “acquiring, securely storing, insuring, and liquidating” both gold bullion and “virtual currency [...] such as Bitcoin.”

The study would investigate what impact gold and cryptocurrency holdings would have if North Carolina held part of its funds in crypto and gold.and “systemic credit risks” along with if gold and crypto could reduce volatility and increase returns on its portfolio.

NCTreasurer Specifically, it would research if such holdings would hedge against inflation and “systemic credit risks,” and if gold and crypto could reduce volatility, increasing the state’s portfolio returns.

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