North Carolina is making a significant stride toward the integration of Bitcoin into its financial strategy. A recently introduced bill aims to enable the state treasurer to allocate a portion of public funds to digital assets, with a particular emphasis on BTC exchange-traded products (ETPs).

North Carolina has become the 20th state in the United States to investigate legislation that pertains to Bitcoin reserves as a result of this action.

10% Of Budget To Bitcoin Investments

The intent of House Bill 92 (HB 92), also known as the “NC Digital Assets Investments Act,” is to empower the state treasurer to allocate up to 10% of state-managed funds into crypto-backed ETPs.

BREAKING:

🇺🇸NORTH CAROLINA INTRODUCES STRATEGIC BITCOIN RESERVE BILL.

IT AIMS TO BECOME FIRST U.S STATE TO BUY BITCOIN. pic.twitter.com/5uWD1xw0tx

— CryptoJack (@cryptojack) February 11, 2025

House Speaker Destin Hall, Representatives Mark Brody, and Steve Ross, introduced the measure, which proposes to diversify the state’s investments by incorporating cryptocurrency exposure.

According to Dan Spuller, Blockchain Association chief of Industry Affairs, Hall is “one of NC’s most powerful leaders.”

To provide context, the potential for billions of dollars to enter the digital currency markets if North Carolina were to invest the entire 10% of its eligible funds is significant. This allocation could result in the procurement of tens of thousands of BTC, given that the flagship coin’s current price is approximately $98,000+.

As promised, North Carolina’s Strategic Bitcoin Reserve legislation was introduced today.

This is a big deal. Let me explain:

📜 HB 92 bill was personally introduced by House Speaker @DestinHall—one of NC’s most powerful leaders. Top of the food chain.

It will directly… pic.twitter.com/QtS6Kj8CKu

— Dan Spuller (@DanSpuller) February 10, 2025

The Growing Influence Of Crypto In State Investments

North Carolina’s action is indicative of a more general trend in the United States, wherein states are increasingly supportive of Bitcoin as an investment-grade asset.

Other states, such as Florida, Utah, and Texas, have either introduced comparable legislation or are currently conducting assessments of crypto investment strategies.

BTCUSD trading at $98,011 on the daily chart: TradingView.com

Some of the main reasons for the growing interest are Bitcoin’s potential to operate as an inflation hedge and its expanding institutional acceptance.

Bitcoin is presently being considered a more viable option for institutional portfolios due to its market capitalization nearing $2 trillion. The passage of HB 92 in North Carolina could further legitimize state-level Bitcoin investments and expedite similar initiatives across the country.

Potential Advantages And Obstacles

Supporters of the measure contend that the allocation of funds to Bitcoin-backed ETPs could generate substantial returns and establish North Carolina as a leader in financial innovation.

Proponents also emphasize crypto’s historical performance, which has experienced an average annual growth rate of over 50% over the past decade.

Nevertheless, not all individuals are in agreement. Critics reference the volatility of Bitcoin, the regulatory uncertainties, and the dangers associated with linking public funds to digital assets. In recent years, BTC has experienced a significant increase, but it has also experienced significant declines, which has raised concerns about financial stability.

Featured image from Gemini Imagen, chart from TradingView

Elon Musk’s tech-savvy car company, Tesla, made astounding Bitcoin profits of $600M in Q4 2024, potentially signaling a rosy future for low-cap coins like $BTCBULL.

While Tesla’s stash is worth a chunky $1.1B, MicroStrategy is another major firm bullish on crypto, holding $46.97B worth of $BTC. Economic powerhouses like Tesla and MicroStrategy piling up crypto hoards should help the industry mature faster, attract new investors, and lead to an acceleration in new developments. 

Among these new developments are $BTCBULL and $SOLX, two low-cap coins still in presale. Both offer a time-limited opportunity for traders wanting to diversify their portfolios with a few high-risk, high-reward options. Once they go live, both tokens’ prices are expected to jump significantly. 

1. Bitcoin Bull ($BTCBULL) – Low-Cap Coin Dishing Out Free $BTC

As the name suggests, Bitcoin Bull ($BTCBULL) might be the most bullish Bitcoin-centric project at the moment. Its mission is to drive $BTC’s value to $1M+. It will do this by offering token holders an extra $BTC every time BTC edges closer to its targets ($100K, $150K, $200K, and so forth). 

A massive $BTCBULL airdrop awaits the most dedicated token holders when the crypto king reaches $250K.

Making the $BTCBULL proposition even more tempting is that holders can earn additional tokens by staking $BTCBULL for a sizable 664% APY. 

We think that the team committing 40% of its total token supply to PR and marketing should mean it’ll stay in the limelight for the long haul. 

The presale has already raised over $500k, just 24 hours after its launch, which also signals keen investor interest.

To get involved, you can buy $BTCBULL on presale for just $0.002355, using either $ETH, $USDT, $BNB, or fiat. 

2. Solaxy ($SOLX) – First Ever Solana Layer-2 Designed to Reduce Congestion

The Solaxy ($SOLX) presale is fast approaching $20M, hinting at an even greater surge once the meme coin is listed on crypto exchanges.

Solaxy’s popularity is fueled by the project’s goal of developing the first-ever Solana Layer-2 (L2) network, which will mitigate Solana’s issues like congestion and failed transactions. 

President Donald Trump’s launch of his own Solana-based meme coin shone a light on the network’s woes, with 40% of transactions on Solana failing due to high demand.

That’s where Solaxy comes in. It harnesses both Solana and Ethereum’s strengths to transfer assets between blockchains seamlessly, reducing the load on Solana alone. 

$SOLX is your entry into the ecosystem. Considering the network’s launch is predicted to push it to $0.032 (a 1860.78% spike from its current value of $0.001632), and the 208% staking rewards for early investors, there’s no better time to join the Solaxy presale than now. 

3. Meme Index ($MEMEX) – Features 4 Meme Coin Indexes Tailored to Different Risk Profiles

Meme Index ($MEMEX) is another standout low-cap coin project. That’s because it is the token behind the creation of the world’s first decentralized meme indexes. 

These four indexes consist of meme coin baskets that cater to investors with contrasting risk tolerances.

Take the ‘Titan Index’, which is great if you’re nervous about investing in meme coins, as it only spotlights the top ten established tokens. For those with a bigger appetite for risk, the Frenzy Index has just the stuff — low cap coins that could just as easily soar or sink.

Beyond the meme coin indexes, there are also 643% staking rewards on the table, along with other bonuses and incentives. 20% of $MEMEX’s total token supply is set aside for these. 

One $MEMEX currently costs $0.0160993, but we predict it’ll reach $0.074 by this year’s end, so now’s an opportune time to join the presale. 

4. Koma Inu ($KOMA) – Locks Liquidity to Tackle Pump-and-Dump Fears

Koma Inu ($KOMA) is a Binance-based meme coin making waves, having rocketed some 50% since yesterday.

Another coin inspired by Shiba Inu puppies, it capitalizes on $SHIB’s success, which now boasts a hefty $9.54B market cap. 

Dog-themed coins together make up a $54B+ market cap, an eye-watering total that’s jumped by 5.6% since yesterday. 

But what sets $KOMA apart from other canine tokens is its phased liquidity-locking mechanism. This prevents early fund withdrawals and builds public trust that it’s not another pump-and-dump scheme.

Over 90% of pump-and-dump schemes went unnoticed last year, making $KOMA’s locking mechanism all the more important.

You can buy $KOMA for around $0.053 on major exchanges like Bitget, KuCoin, and MEXC. 

5. AI16z ($AI16Z) – AI & Governance Token Boosting Traditional VC Investments

Last but not least, there’s $AI16Z, the native token of a venture capital firm led exclusively by AI agents. 

As a governance token, it encourages $AI16Z holders to contribute to investment decisions, provided the AI agent ‘Marc Andreessen’ doesn’t hate them. 

Token holders can also vote on tokenomics and future developments, meaning AI16z has the potential to democratize the typical venture capital investment process through transparency and inclusivity. 

You can join this Decentralized Autonomous Organization (DAO) by purchasing $AI16Z for roughly $0.57 on Bybit and Bitget. 

Low-Cap Coins Like $BTCBULL Could Explode 100x

With growing corporate interest in Bitcoin and blockchain tech, low-cap coins like $BTCBULL and $SOLX could explode 100x. 

Each of the coins mentioned above gives you the chance to diversify your crypto portfolios at bargain presale prices. 

But this isn’t investment advice. You must always do your homework and never invest more than you’d be upset to lose. 

The altcoins market is bustling with activity today as top market analysts highlight the greater odds of approval for a spot Litecoin ETF and spot Cardano ETF. While Ethereum (ETH) and XRP are up by 2-3% each, Cardano (ADA) and Litecoin (LTC) have gained anywhere between 10-15% each amid higher odds of these crypto ETF approvals. Analysts are hopeful of an altcoin season moving ahead, however, it will be interesting to see if this could be the turning point.

Greater Odds of Crypto ETFs for Litecoin, Cardano Approval Push Altcoins Higher

The altcoins market is once again seeing a ray of hope with Litecoin (LTC) and Cardano (ADA) leading the rally as the odds of a Litecoin ETF approval surge to a massive 90%. On the other hand, crypto asset manager Grayscale has filed for a spot Cardano ETF amid the growing interest in different digital assets.

Amid the chatter around altcoin crypto ETFs picking up, Bloomberg ETF strategists Eric Balchunas and James Seyyfart have disclosed the approval odds for each. While everyone is betting on a spot XRP ETF following the settlement of Ripple vs SEC lawsuit, the XRP ETF has a 65% chance of approval, said the analysts. However, they believe that Litecoin ETF approval odds are at 90%, and even the Dogecoin ETF approval chances are at 75%, higher than XRP.

Litecoin Price Leads with Nearly 15% Gains

The approval odds of the crypto ETFs appears to be the primary reason why LTC and ADA are outperforming other altcoins today. As of press time, Litecoin price is trading 14.85% up at $130.04 with daily trading volumes surging by 86.3% to more than $1.7 billion. As per the Coinglass data, the LTC open interest has surged by a massive 26% to more than $700 million, with the 24-hour liquidations shooting to $4.21 million of which $3.46 million is in short liquidations.

Over the past few months, the LTC price has been oscillating in the range of $100 on the lower end and $140 on the upper price band. A breakout above $140 could set the stage for a mega rally moving ahead. Besides, a recent Litecoin price prediction shares further details on the crypto’s potential performance ahead.

Cardano (ADA) price has also surged by a strong 11% moving to $0.76 with its daily trading volumes surging 13.67% to $867 million. Similarly, the ADA futures open interest has shot up by 13% to $700 million as the crypto ETF speculations soared.

Altseason to Begin Soon?

Amid the crypto ETF buzz, popular crypto analyst Crypto Rover reported that we will soon witness a bullish cross-over of the 100-week moving average above the 200-week moving average. This is when the mega altcoin rally would begin. The last time such a cross-over took place in 2021, it triggered a 500% surge in the overall altcoin market. Several other analysts have also been hopeful for the start of an altcoin season despite the recent greater market turbulence.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.