Introduced by state Rep. John Cabello, House Bill 1844 proposes the creation of a strategic Bitcoin reserve as a “special fund in the state treasury for the purpose of holding Bitcoin as a financial asset.”
Do they know bitcoin isn’t a “green” investment? Or are they just jealous all the cool kids are doing it? Whatever their motive, this seems to be a huge mistake to allow a state that can’t balance a checkbook to invest in highly speculative securities.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Do they know bitcoin isn’t a “green” investment? Or are they just jealous all the cool kids are doing it? Whatever their motive, this seems to be a huge mistake to allow a state that can’t balance a checkbook to invest in highly speculative securities.