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.

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United States President Joe Biden has issued an order prohibiting the acquisition of certain real property by MineOne Cloud Computing Investment I L.P., citing national security concerns. The order, based on findings outlined by the President, aims to safeguard critical assets near Francis E. Warren Air Force Base (Warren AFB) in Cheyenne, Wyoming.

The President’s order stems from evidence indicating that MineOne Partners Limited, a British Virgin Islands company majority owned by Chinese nationals, and related entities planned to acquire real estate within one mile of Warren AFB. This real estate, specifically described as Lot 1, Block 10 North Range Business Park 3rd Filing, and the…

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The Bank of Montreal (BMO) has just come clean on its substantial exposure to the Bitcoin ETF market through a 13F filing with the US Securities and Exchange Commission. As one of the “Big Five” in Canada, BMO’s investments in leading ETFs like Fidelity’s FBTC, Frankin Templeton’s AZBC, BlackRock’s IBIT, and Grayscale’s GBTC denote the world’s biggest lenders and asset managers moving to mainstream Bitcoin. The news comes following the SEC decision made in January 2024 to open the doors toward the long-awaited Spot Bitcoin ETFs and signals that a surge of important financial institutions could engage with digital assets.

As the financial investment landscape continues to change, BMO’s move underlines the fact that the place of cryptocurrencies in mainstream finance keeps growing. This will likely be a positive turning point towards further adoption and integration of the system into the sector: it could allow investors to take part in the crypto market without actually owning means for direct investment. More so, all the other key banks, Wells Fargo, JPMorgan, and even Swiss UBS, have their stakes in Bitcoin ETFs, which might change the norms of investment across the globe.

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