A new North Carolina bill would facilitate Bitcoin investments in the state’s public funds for transportation, education, retirement, general spending, and more — potentially creating a strategic reserve of the valuable cryptocurrency. Sponsored by Republican House Speaker Destin Hall, the NC Digital Assets Investments Act would authorize the state treasurer to purchase certain virtual currencies, primarily Bitcoin. Legislators pointed to a variety of reasons to invest in digital assets, such as the U.S. dollar facing periods of inflation and devaluation, as well as enhance the potential returns of our portfolio. Duke University economics professor Connel Fullenkamp joined Jeff Hamlin to discuss the basics of cryptocurrency.
