Interest in Bitcoin continues to increase in the United States! Another state is preparing to allow Bitcoin investments!

With the introduction of Bill 4087 by state representatives Bryan Posthumus and Ron Robinson, Michigan became the latest U.S. state to investigate cryptocurrency investments.

Michigan, Suggests State Investment in Crypto in the Middle of the Growing US Trend

If the proposal is accepted, it will allow Michigan to allocate up to %ABD10 of its general and economic stability funds to cryptocurrencies like Bitcoin.

Posthumus highlighted Michigan's potential to be a leader in state-level crypto policy under its former name Twitter.

Texas can and should join Michigan in leading the way on crypto policy by signing the bill creating the Michigan Crypto Strategic Reserve.

The proposal allows the state treasury to lend cryptocurrencies as a way to diversify the state's investment portfolio and achieve higher returns, without increasing the financial risk of the state treasurer.

This proposal is in line with the country-wide trend of states integrating cryptocurrency into financial strategies.

Since 2022, Michigan has expressed its interest in blockchain and digital assets, and has especially established a "Blockchain and Crypto Commission" to research the growth of the sector.

Currently, about 20 states, including North Carolina, Texas, Pennsylvania, Ohio, and Oklahoma, have proposed or are actively considering legislation regarding crypto reserves.

The momentum behind these initiatives has accelerated, especially following the crypto-friendly stance of US President Donald Trump, who took office in January.

If House Bill 4087 is approved, Michigan could become one of the first states to officially allocate state funds to cryptocurrencies, further solidifying digital assets as an important component of state investment strategies.