Bitcoin's Unstoppable Rise: Montana Leads with Strategic Reserve as Zhao Warns of Urgency
February 22, 2025
Changpeng Zhao, the former CEO of Binance, has declared that Bitcoin has become an unavoidable reality for both individuals and nations.
He compared the rise of Bitcoin to the advent of the internet, asserting that there is no escaping its use.
Zhao emphasized the inevitability of Bitcoin, stating plainly, 'There is no other choice.'
In a significant legislative move, Montana has passed House Bill No. 420, which proposes the establishment of a localized Bitcoin reserve.
With this legislation, Montana joins Utah, Oklahoma, and Arizona as the fourth state to advance Strategic Bitcoin Reserve initiatives, according to Dennis Porter, CEO of Satoshi Action Fund.
The Satoshi Action Fund has confirmed that Montana's Bitcoin reserve legislation has successfully passed out of committee and is now set for a vote on the House floor.
In a related anecdote, Zhao shared that he received a donation back after initially contributing 150 BNB, worth approximately $100,000, to victims of a cryptocurrency scam.
This donation was returned by a university student who had added $50,000 of his own funds to help the victims, highlighting the potential for profitable investments in cryptocurrency.
A crypto trader echoed Zhao's views, warning that late adopters of Bitcoin will face higher prices due to increasing demand and scarcity.
He stressed that the critical question for investors is no longer whether to buy Bitcoin, but when to make their purchases, especially as the US government begins its own acquisitions.
Zhao reiterated this urgency, indicating that investors should act swiftly before supplies dwindle.
Summary based on 4 sources
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