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Photo: X@NH House Republicans| Photo: X @NH House Republicans
The Hill report from May 7, 2020, which details New Hampshire’s pioneering decision to create a state-level strategic crypto reserve, is a pivotal moment in the United States for crypto adoption.
New Hampshire has once again ranked first in the nation! New Hampshire Gov. Kelly Ayotte wrote Tuesday, on the social media platform X. “Just passed a new bill allowing our state’s investment in precious metals and cryptocurrency.”
H.B. The H.B. The metals and digital assets must have an estimated market value of more than $500 billion. Bitcoin is the preferred currency to fill the stockpile.
New Hampshire House Republicans hailed On X, after the passage of the bill, the statement “The Live Free or Die State is leading the charge in shaping the future of digital assets and commerce.”
Biden’s anticrypto period is over
This policy shift comes after the anti-crypto Biden period, which was marked by his 2022 SEC vote that stifled innovation in digital assets. It signals a radical embrace for cryptocurrencies as legal financial instruments.
This is not just a footnote to fiscal policy, but a challenge to other states that they should rethink their position on digital assets.
Jane Roe, blockchain strategist and market analyst, declared today that “New Hampshire has lit the fuse for crypto’s mainstream rise.” She captured the electric optimism sweeping through the market.
Bitcoin’s (BTC) implications are massive. BTC, as a “digital currency” and a cornerstone in the reserve, will receive a stamp of approval from the state, which could potentially boost its value.
BTC may hit $210,000 in this year.
Peter Chung from Presto Research said, “Bitcoin adoption by institutions and sovereigns could snowball to $210,000 in late 2025.” It’s more than just a matter of price. It’s about credibility.
If Texas, Florida or Wyoming follow suit, BTC may become a standard in public treasuries. This would drive demand and stabilize its role in global financial markets. The broader crypto market—Ethereum, XRP, Solana—stands to benefit, too, as BTC’s rising tide lifts all boats. Recent X tweets from crypto influencers have been a buzz of excitement. They predict a “golden age” for adoption.
Yet, hurdles remain. Biden’s legacy of federal regulation could slow down the pace. The SEC’s cautious stance contrasts Trump’s procrypto pivot. This includes his push for a Bitcoin national reserve.
CryptoHawk, an analyst who summarized today’s tensions in a tweet, said: “States have outpaced D.C.’s dinosaurs.” New Hampshire’s bold move could trigger a chain reaction. But it depends on how well they navigate a patchwork state laws and volatile market.
Still, the trajectory is clear: crypto’s no longer fringe—it’s knocking on the door of America’s financial core. Only time will tell how quickly it can break through.
One has to wonder if “legalising BTC” per se in one state will have the same domino effects as marijuana. Sure, the nuances are different, of course—Cannabis faced cultural and legal hurdles; crypto battles regulatory ambiguity and market volatility.
