The Louisiana House of Representatives has adopted a bill that acknowledges Bitcoin and its creator/s under the pseudonym, Satoshi Nakamoto, for “adding to the safety of e-commerce.”
It also asserts that the flagship digital currency could grow into a new reserve asset, replacing gold:
“Bitcoin can supplant gold as a reserve of money because it is limited and finite, only twenty-one million Bitcoins can ever be produced.”
The bill points out that BTC represents the first decentralized asset obtaining a trillion-dollar capitalization, which shields people from fiat currency devaluation around the globe.
Louisiana legislators are asking state and local officials to ponder on ways to capitalize on the innovative technology.
The southern states of the USA are certainly ahead of the rest of the US and other countries in introducing BTC. The eighth most populated city in the state of Tennessee, Jackson intends to add BTC to its reserve calculations. A few months ago, the city of Miami also announced that it will convert a part of its savings into the leading cryptocurrency.
