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Ohio has taken a bold step in the cryptocurrency space by proposing a Bitcoin treasury system, aimed at protecting state funds from potential devaluation of the US dollar. This move comes on the heels of several other states exploring similar options.
According to reports, Ohio’s proposed plan would see the state invest a portion of its funds in Bitcoin, with the goal of diversifying its portfolio and reducing reliance on traditional assets like US dollars. The decision is seen as a crucial step towards financial security, particularly amid growing concerns over the global economic uncertainty.
The move echoes similar sentiments from other states that have already begun exploring crypto-based treasury systems. For instance, we’ve witnessed several other countries, including El Salvador, adopting Bitcoin as an official currency in recent times.
Source: cryptoslate.com
