A new bill, proposed by state Representative Cody Maynard and known as the Strategic Bitcoin Reserve Act, aims to designate Bitcoin as a strategic reserve asset in Oklahoma.
This would allow the state’s pension funds and savings accounts to invest in Bitcoin, providing a hedge against inflation.
According to Maynard, Bitcoin offers protection against the manipulation and inflation caused by government actions, making it an attractive option for those who prioritize financial freedom and sound money principles.
Other states are also considering similar legislation and some pension funds have already diversified into Bitcoin, as the digital asset becomes increasingly accepted by mainstream institutional investors.
