Alabama State Auditor Must Prepare Bitcoin Stockpile Plan…The Race Is On

A public official in the US state of Alabama mentioned various benefits of a state-level Bitcoin reserve. On the 11th (local time), Alabama State Auditor Andrew Sorrell
In an interview with Former Media, former president Drew Sorrell revealed that he supports the idea of state-level Bitcoin reserves.
“1819 is a great opportunity for us to build a better world,” said Auditor Sorrell, a former state assemblyman and longtime supporter of cryptocurrencies.
In an interview with the Times, he said, "Accepting cryptocurrencies will help attract businesses to the state and stabilize state finances," and added, "Cryptocurrencies are here to stay. Which state will embrace them?"
"The race is already on to reap the benefits of cryptocurrency," he added. "The first states to implement crypto-friendly tax and regulatory frameworks will be the ones to attract business and investment."
Bitcoin (BTC) and Ethereum (ETH)-based exchange-traded funds (ETFs) will be launched in the United States, and state governments will be able to invest crypto assets as easily as stocks.
He continued, "Crypto assets are the fastest growing asset class, growing at an average annual rate of 55% over the past 15 years.
It certainly makes sense to invest in government bonds and other securities, but if you get a 4% return while inflation is 2.7%, you're getting very little in real terms.
" He also argued that Alabama's Bitcoin reserve model should be designed based on the federal Bitcoin reserve plan promised by President-elect Trump, and that Bitcoin is currently strong.
He suggested that because of the current bull market, people should increase their reserves by buying Bitcoin every month for two years.