OKG Research: If 15 U.S. states allocate 2% of their annual budget to BTC reserves, it will account for 7.57% of the current BTC circulation

According to PANews on January 26, OKG Research stated that even if the national strategic reserve of Bitcoin cannot be implemented in the future, the bottom-up exploration of "strategic Bitcoin reserves" by multiple states in the United States may surpass the global influence of the national strategic reserves of gold and oil.

According to Dennis Porter, co-founder and CEO of Satoshi Action Fund (SAF), at least 15 states in the United States are planning to introduce legislation related to "strategic bitcoin reserves". OKG Research has estimated the future of this event: Assuming that each state uses 2% of its annual budget (about $50 billion) to reserve bitcoin, it will bring in about $15 billion in capital inflows, accounting for 7.57% of the current circulating supply of bitcoin (19.81M BTC).

If all 50 states participate in the reserve in the future, the demand for Bitcoin in this part may account for 25.23% of the circulating supply. In comparison, the current US gold reserves are about 8,133 tons, accounting for 23% of the global total; strategic oil reserves are about 700 million barrels, accounting for 15% of the global reserves.

Earlier news, Satoshi Action Fund co-founder: At least 15 states have plans to introduce legislation related to "strategic bitcoin reserves" .

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Author: PA一线

This content is for market information only and is not investment advice.

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