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New Hampshire State Representative Keith Ammon is one of the key figures in the push for a massive public debate on whether the state should diversify its financial reserves into Bitcoin ETFs. On X, Ammon lamented how it was a lost opportunity after he had called for the state to invest 5% of its 2016 rainy day fund into Bitcoin, now that the investment would be worth almost $473 million and reflect a return of 10,000%. He added that large investors, including sovereign wealth funds and pensions, were beginning to accept Bitcoin, a fact underscored by recent insights from BlackRock and speeches by Fidelity’s Vice President of Digital Assets, Manuel Nordeste.
Ammon also pointed to a prediction made by Cathie Wood of Ark Invest, in which she had suggested the value of Bitcoin could surge to $3.8 million per unit by 2030 if institutional investors invested over 5% of their portfolios in the cryptocurrency. He further went on to suggest that similar investments could see New Hampshire’s $290 million rainy day fund grow to almost a billion dollars by 2030, thus accounting for some considerable state liabilities and indicating a serious move into financial innovation. That would fulfill the duties of a fiduciary, all while the Federal debt is growing, and it would potentially flip Bitcoin as a major electoral issue.
