Bitcoin News: North Carolina Lawmakers Consider Investing State Pension Funds in Cryptocurrency

In a bold move towards modernizing its investment strategies, North Carolina is considering a proposal to allow its state pension funds to invest in cryptocurrency, specifically Bitcoin. Here’s a closer look at the development.

North Carolina Lawmakers Propose Investing State Pension Funds in Bitcoin

North Carolina legislators have introduced bills that could allow the state’s retirement funds to invest in cryptocurrency, including Bitcoin. The proposed legislation, titled the Investment Modernization Act, aims to modernize the state’s long-term investment strategies. An independent body, the North Carolina Investment Authority, would be established under the state Treasury to evaluate and manage digital asset investments.

Top 3 Cryptocurrencies Whose Prices Are Most Likely To Double

The cryptocurrency market could be entering another bullish leg. Bitcoin (BTC) has reclaimed the $97,000 price point. Most major crypto projects are in the green zone today. The global crypto market cap is inching closer to the $3 trillion mark. There were a few bullish developments that could have pushed the crypto market, including the US easing tariffs and the Fed pausing interest rates, which may lead to a rate cut soon and a surge in risky investments such as cryptocurrencies. The SEC also announced it will host four crypto roundtables focusing on trading, custody, tokenization.

BlackRock Unveils First Bitcoin ETP In Europe

BlackRock, the world’s largest asset manager, is launching its first Bitcoin exchange-traded product (ETP) in Europe. The new iShares Bitcoin ETP will debut on Xetra and Euronext Paris under the ticker IB1T, and on Euronext Amsterdam under the BTCN ticker. Following the success of its $48 billion US Bitcoin-tracking fund, BlackRock is offering a temporary fee waiver of 10 basis points, reducing the expense ratio to 0.15% until the end of the year. According to Bloomberg, this pricing strategy makes IB1T one of the most competitively priced options in the market.

Investment Giant Bitwise Asset Management Declares Best Time to Buy Bitcoin

Bitwise Asset Management has released an investor memo titled “The Great Derisking of Bitcoin,” stating that now is the best time in history to purchase Bitcoin on a risk-adjusted basis. Chief Investment Officer Matt Hougan delivered a detailed analysis, highlighting Bitcoin’s milestones and why its risk profile has shifted dramatically in recent years.

Meme Coins See Double-Digit Gains; BTC Taps $88K

After a brief dip below $87,000, Bitcoin (BTC) has spiked above $88,000 and is aiming for $90,000. Several altcoins, particularly meme coins, have shown notable gains over the past 24 hours. In contrast, PI has experienced continuous declines. BTC briefly surged past $87,000 last Thursday, following the FOMC meeting and Ripple CEO Brad Garlinghouse’s announcement. Sentiment remained mostly positive, despite BTC failing to decisively breach that level and dipping south in the following days. The weekend was relatively quiet, with BTC hovering around $84,000. Gains started to chart on Sunday evening and continued the next day, with Bitcoin peaking.