New Hampshire Embraces Bitcoin to Combat Inflation
- New Hampshire Rep. Keith Ammon advocates for Bitcoin as a hedge against inflation.
- The U.S. national debt is approximately $37 trillion, with concerns over its sustainability.
- New Hampshire passed a bill allowing the state to accumulate Bitcoin, followed by Arizona.
- Ammon’s bill allows the state’s treasurer to allocate a small percentage of resources to Bitcoin.
- The purchasing power of the U.S. dollar has decreased by 25% over the past four years.
Rep. Keith Ammon supports using Bitcoin to protect New Hampshire from inflation, as U.S. debt reaches unsustainable levels at around $37 trillion. The state recently passed a law to start accumulating Bitcoin, aiming to navigate the declining dollar value effectively.
Source (2.6)https://decrypt.co/322782/why-bitcoin-friendly-lawmaker-carries-us-debt-clock-his-pocket?rand=52368