Tennessee Joins the Bitcoin Reserve Race — But Why Now?
Tennessee just threw its hat in the ring. Representative Jodi Barrett introduced HB1695 — the Tennessee Strategic Bitcoin Reserve Act — aiming to let the state treasury legally accumulate BTC as a strategic asset.
Right now it's stuck in committee, miles away from becoming law. But the symbolism matters more than the timeline. This isn't fringe anymore — it's a pattern. After Wyoming, after Florida, more states are treating bitcoin not as a casino chip but as a tool for fiscal sovereignty.
What bugs me: why now? Inflation's cooling, markets are sideways. Are they prepping for the next cycle when fiat starts melting again? Or is this just election-year signaling? Either way, the mere debate shifts perception — institutions aren't waiting for permission anymore.
Critics scream "volatility!" and "taxpayer risk!" But gold wasn't stable when governments first bought it either. Someone had to go first.
So here's the real question: which state jumps next — and how many BTC will U.S. treasuries hold by 2030?
