VanEck analyst: Bitcoin reserve bills in 20 states could lead to $23 billion in purchases if passed

Odaily News Matthew Sigel, head of digital asset research at VanEck, posted on the X platform that the agency analyzed Bitcoin reserve bills issued by 20 states. If the bill is passed, it may bring in $23 billion in purchases, or 247,000 BTC, which is not related to any pension fund allocations. If lawmakers continue to move forward, more funds may enter the market.