The first U.S. state to buy Bitcoin: Why is Texas going all in?

About this episode

This episode discusses Texas becoming the first U.S. state to purchase Bitcoin and the implications of this decision.

Texas just became the first US state to purchase and hold Bitcoin, and it did so during a market downturn, while many institutions and state treasuries were selling or backing away from crypto entirely. In this episode of Byte-Sized Insight, we break down alongside Lee Bratcher, founder and president of the Texas Blockchain Council, why Texas made a $5 million Bitcoin ETF purchase (with another $5 million earmarked for self-custodied BTC), how a years-long political history set the sta...

People in this episode

Guest: Lee Bratcher

Topics covered

• Bitcoin
• Texas
• cryptocurrency
• state investment
• blockchain
• financial strategy

Keywords

• Texas
• Bitcoin
• investment
• cryptocurrency
• blockchain
• Lee Bratcher
• ETF

Mentioned in this episode

Products: Bitcoin

Places: Texas

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