Roswell, First Bitcoin 'Reserve Asset' City In The US Officially Ascended… Trigger For Digital Gold Institutionalization

City Of Roswell, New Mexico, Known As The Place Where UFO Was Also Discovered (Source: World Atlas)

City Of Roswell, New Mexico, Has Been Recorded As The First City To Adopt Bitcoin As An Official Reserve Asset. On May 1 (Local Time), According To The Crypto Basic, The City Of Roswell Established The ‘Roswell Strategic Bitcoin Reserve’ And Received 3,050,323 Satoshi (Approximately 0.0305 BTC) Equivalent To Approximately $2,845 As The First Donation.

The Reserve Will Be Expanded Through Donations And Contributions Over The Next 10 Years, And Can Only Be Used With The Unanimous Consent Of The City Council. Up To 21% Of The Budget Can Be Implemented Every 5 Years, And The First Use Is To Support Senior Citizen Water Rates And Disaster Response Funds. In This Way, Roswell Is Emerging As A Leading Example Of Introducing Bitcoin As A Financial Stability Mechanism.

The Current Reserve Size Is Small, But City Authorities Aim To Accumulate Reserve Assets Of Over One Million Dollars In The Long Term. This Trend Is Gradually Spreading Across The United States. Arizona Has Recently Passed Legislation In The Senate Allowing The State Treasury And Pension Funds To Invest Up To 10% Of Their Total Assets In Cryptocurrencies, And Is Currently Awaiting The Governor’s Signature.

Alabama Is Also Showing Similar Movements. They Are Pushing Legislation That Allows Investment Of Up To 10% In Bitcoin And Other Cryptocurrencies Limited To Digital Assets With A Market Cap Of Over $750 Billion. Other States Such As Texas, California, Florida, And New Hampshire Are Also Pursuing Institutional Preparations To Include Bitcoin As A Digital Gold In Public Assets.

In This Way, Bitcoin Is Gradually Permeating Into The Financial Operations Of Local Governments In The United States, And The Narrative Of 'Digital Gold' Is Beginning To Materialize As Practical Policy.