Bitcoin’s role as a reserve asset gains traction in US as states adopt
A growing number of US states are proposing Bitcoin reserve legislation, with Kentucky becoming the 16th state to introduce a bill allowing up to 10% of excess state reserves to be allocated to digital assets. These bills coincide with significant institutional accumulation through Bitcoin ETFs, which now hold over $100 billion in BTC. While analysts suggest that state-level adoption could trigger a global race to accumulate Bitcoin as a reserve asset, they also note regulatory hurdles and volatility concerns hindering government adoption.