The Senate of Texas is set to hold a public hearing to discuss the creation of a state reserve in Bitcoin. While this move could indicate further institutional adoption of cryptocurrencies, analysts believe that without a concrete investment plan, its impact on the markets may be limited. The hearing, scheduled for February 18, aims to explore the economic and financial implications of adopting Bitcoin as a store of value. Texas has shown favorable regulations towards cryptocurrencies, but experts agree that the trajectory of Bitcoin will depend on the monetary policy of the United States Federal Reserve. Other states, such as Kentucky, are also considering Bitcoin reserves, reflecting a growing interest in cryptocurrencies as an alternative store of value.



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