Senator Schwertner emphasized Bitcoin’s resilience through market cycles and national deficits, positioning it as a strategic reserve asset for Texas. Lawmakers argue that Bitcoin serves as a hedge against inflation and economic uncertainty, much like gold.

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We don’t have stacks of dollar bills and safes like we did in medieval times. What we have is digital currency

Bitcoin, referenced as digital gold by the US Treasury, has become a recognized asset in the financial markets

Bitcoin, according to a statement from Texas Senator Charles Schwertner last week, “has proven itself through multiple boom and bust cycles,” making it a great reserve asset in times of a “devastating national deficit” along with “inflation and uncertainty,” as Schwertner described

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Charles Schwertner