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Pro: North Carolina’s Strategic Bitcoin Reserve Bill a ‘Big Deal’
Updated: 2/11/2025
North Carolina’s Bold Move Toward Bitcoin Investments
The state’s proposed bill allows up to 10% of its funds to be invested in Bitcoin-backed exchange-traded products.
The HB 92 bill would permit North Carolina to allocate a portion of state funds into Bitcoin-related investments, including pensions, insurance funds, and veterans’ home trust funds. Unlike similar proposals in other states, North Carolina’s initiative has powerful backing from House Speaker Destin Hall, making it a serious contender for passage.
Why North Carolina’s Bitcoin Bill Stands Out
Industry leaders believe this bill has real momentum, rather than being a symbolic legislative gesture.
Dan Spuller, Head of Industry Affairs at the Blockchain Association, highlighted that key stakeholders are aligning behind the bill, increasing its chances of success. Spuller, who has been advising North Carolina lawmakers, emphasized that HB 92 is more than just a messaging bill—it’s a structured financial plan
A Growing Trend: U.S. States Eye Bitcoin Reserves
North Carolina follows a broader national movement toward integrating Bitcoin into state financial strategies.
Over a dozen U.S. states have proposed similar legislation, with Illinois and Massachusetts also exploring Bitcoin reserve laws. The momentum suggests an increasing state-level acceptance of digital assets, particularly as inflation concerns and fiat currency volatility remain central economic issues.
Conclusion: Will North Carolina Lead the Bitcoin Reserve Revolution?
With high-profile lawmakers and industry leaders backing HB 92, North Carolina’s Bitcoin reserve bill could become a model for other states. As governments continue exploring crypto-backed financial strategies, North Carolina might be the first to put this idea into motion at scale.