Andrew Sorrell’s Bitcoin Proposal: Alabama’s State Auditor Andrew Sorrell promotes a strategic Bitcoin reserve to stimulate local investments. He believes this approach will shield citizens from rising inflation and the impacts of global de-dollarization.
Significant Bitcoin Demand: Bitcoin is increasingly viewed as ‘digital gold’ by Federal Reserve officials, given its capped supply of 21 million units. With the crypto market cap at 3 trillion USD, Sorrell argues against ignoring this growth opportunity.
BTC Market Dynamics: The supply of Bitcoin on centralized exchanges has dropped to below 2.26 million, highlighting a supply-demand crisis. Experts predict a bull market as the U.S. Aims to acquire 1 million BTC within five years.