Bitcoin's Unstoppable Rise: Montana Leads with Strategic Reserve as Zhao Warns of Urgency

February 22, 2025
Bitcoin's Unstoppable Rise: Montana Leads with Strategic Reserve as Zhao Warns of Urgency
  • 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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