Today I read the news that a proposal has been presented by the Texas Treasury to make Bitcoin part of its state reserve. To do so, donations, taxes and levies would be accepted. Its somewhat ambitious goal, in my opinion, would be to obtain 1 million Bitcoins. And the final objective would be to combat inflation in the state treasury.
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This is one of the first proposals in the world to make Bitcoin a reserve of value, especially in central banks. Or, in other words, Bitcoin complements Gold and other assets in this task.
Obviously, for Bitcoin this is very good news and when it occurs, a great rise will occur for the current holders. I have no doubt that this will happen, but it will be at the cost of great centralization if so many strong hands get hold of our beloved currency. What will happen next? Nobody knows, but as I read recently, perhaps a price premium will be paid when Bitcoin begins to become scarce. This is already happening with Gold.
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