Just now, New Hampshire in the United States made history as Governor Sununu signed HB302 this morning, making it the first state law in the country to recognize cryptocurrency as a strategic reserve.

This also means that the New Hampshire State Treasurer will invest up to 5% of state government funds in precious metals and cryptocurrencies with a market capitalization of at least $500 billion. Based on New Hampshire's total budget of $15.4 billion, 5% is approximately $770 million, and based on the general fund of $5.6 billion, 5% is about $280 million. Therefore, the potential investment amount ranges from $280 million to $770 million.

Although there is no explicit mention of investing in $BTC, the only cryptocurrency with a market capitalization exceeding $500 billion is currently Bitcoin, while even the second-ranked $ETH is only about $214 billion, and BTC is at $1.88 trillion.

This is a historic moment and undoubtedly an epic positive development. New Hampshire's passage signifies that the United States has truly entered the realm of compliant cryptocurrency investments, and it foreshadows that more states will consider BTC or other cryptocurrencies as strategic investments.

Perhaps the current price does not reflect this positive news, but in the long run, this epic development will inevitably change the weight of BTC in the minds of investors.

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