North Carolina Considers a 10% BTC Treasury Bet, Because Why Not?

Lawmakers in North Carolina have introduced the "Bitcoin Reserve and Investment Act," a piece of legislation that would authorize the state treasurer to allocate a degen-level 10% of public funds directly into Bitcoin. The proposal is framed as an attempt to position the Tar Heel State as a frontrunner in financial innovation and to establish a long-term strategic HODL, presumably to outshine states still stacking bonds and T-bills like they're using a dial-up connection.

Of course, security isn't being treated as a mere suggestion. Any Bitcoin purchased under this scheme would be stored in cold wallets secured by multi-signature protocols, with the reserve's status, security setup, and overall performance undergoing a monthly audit—because even a state treasury needs to prove its diamond hands aren't just paper.

To navigate this potential voyage into the digital asset frontier, the bill proposes forming an "Economic Advisory Board" composed of industry experts. This council would be tasked with shaping the state's Bitcoin game plan and helping to devise a sustainable investment approach, essentially acting as the macro-strategists for the public purse's new crypto portfolio.

This is not financial advice, but watching a state treasury potentially ape in is certainly entertainment.