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<p>The idea of adopting Bitcoin (BTC) at the state level is gaining traction, with Alabama emerging as a potential leader. This follows recent moves by Russian officials to <a href="https://coinpedia.org/news/michael-saylor-urges-us-to-establish-bitcoin-reserve-amid-trumps-pro-crypto-stance/" target="_blank" rel="noreferrer noopener">embrace Bitcoin </a>and the re-election of Donald Trump, who has been a strong supporter of a U.S. strategic Bitcoin reserve.</p>   
<p>Federal Reserve officials have compared Bitcoin to "digital gold," highlighting its limited supply of 21 million coins as a key feature. The approval of <a href="https://coinpedia.org/news/sec-gives-green-light-for-bitcoin-etf-options-whats-next/" target="_blank" rel="noreferrer noopener">spot Bitcoin ETFs</a> has further validated Bitcoin’s role in traditional finance, with institutional investors driving significant demand.</p>   [post_titles_links postid="391645"]   
<h2 class="wp-block-heading" id="h-alabama-s-push-for-a-bitcoin-strategy">Alabama’s Push for a Bitcoin Strategy</h2>   
<p>Alabama could be the next state to embrace Bitcoin as a strategic reserve. State Auditor Andrew Sorrell advocates for the plan, emphasizing its potential to protect residents from inflation and the economic risks of global de-dollarization.</p>   
<blockquote class="wp-block-quote">
  
 <p><em>“A well-balanced portfolio should include exposure to many different types of asset classes. As of now, crypto is a $3 trillion asset class that the state has zero exposure to. It is also the most rapidly growing asset class, with the greatest potential for price appreciation. Investing in Treasuries and bonds certainly has its place, but earning a 4% yield while inflation is 2.7% is barely breaking even,”</em></p> 
</blockquote>   
<p><a href="https://1819news.com/news/item/state-auditor-sorrell-calls-for-alabama-strategic-bitcoin-reserve-the-debate-over-whether-crypto-will-succeed-has-ended" target="_blank" rel="noreferrer noopener nofollow">Sorell noted</a>.</p>   [article_inside_subscriber_shortcode title="Never Miss a Beat in the Crypto World!" description="Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more." category_name="News" category_id="6"]   
<h2 class="wp-block-heading" id="h-rising-demand-shrinking-supply">Rising Demand, Shrinking Supply</h2>   
<p><a href="https://x.com/Dennis_Porter_" target="_blank" rel="noreferrer noopener">Dennis Porter</a>, co-founder of Satoshi Action Fund, noted that state adoption of Bitcoin reserves could worsen the current supply shortage. Bitcoin held on <a href="https://coinpedia.org/exchange/" target="_blank" rel="noreferrer noopener">centralized exchanges</a> has dropped to a multi-year low of 2.26 million coins, while demand from institutional investors and whales continues to grow.</p>   
<h2 class="wp-block-heading" id="h-future-of-bitcoin">Future of Bitcoin </h2>   
<p>The Trump administration is reportedly planning to acquire 1 million Bitcoin over the next five years. Such large purchases could drastically reduce the circulating supply and trigger a prolonged bull market.</p>   
<p><a href="https://coinpedia.org/news/bitcoin-mena-2024-donald-trumps-son-eric-says-bitcoin-price-will-hit-1-million/" target="_blank" rel="noreferrer noopener">Eric Trump</a>, executive vice president of the Trump Organization, recently made a bold prediction: Bitcoin’s price could reach $1 million in the near future. This follows Bitcoin’s historic breakthrough of $100,000, a milestone that has energized the crypto market.</p>   
<p><strong>Bitcoin’s role as a hedge against uncertainty grows stronger every day.</strong></p>

Alabama Eyes Strategic Bitcoin Reserve to Combat Inflation

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