Oklahoma has introduced House Bill 1203 , aiming to allow state pension funds and savings accounts to allocate assets to Bitcoin (BTC) as a hedge against inflation. Several States Consider Bitcoin Representative Cody Maynard , who proposed the bill, highlighted the decentralized nature and fixed supply of Bitcoin, positioning it as a safeguard against inflation risks driven by government currency manipulation. Other states like Pennsylvania, Texas, North Dakota, and New Hampshire are also proposing Bitcoin-related legislation. Pennsylvania is considering allocating up to 10% of state assets to Bitcoin, Texas has proposed a five-year holding period for Bitcoin reserves, North Dakota has introduced a bipartisan-backed Bitcoin reserve bill, and New Hampshire is exploring a broader initiative that includes other digital assets. A Much Needed Alternative These efforts reflect growing concerns over inflation and economic instability, with Bitcoin offering a potential alternative for preserving purchasing power. Still, as many states look toward BTC as a store of value, critics remain wary of its volatility and regulatory uncertainties. Despite these challenges, states like Oklahoma are pushing forward, recognizing the potential benefits that Bitcoin adoption can offer, despite the risks.
