Georgia Considers Bitcoin Reserve Bill, Aims to Modernize State's Investment Strategy

If passed, Georgia could become one of the first states to officially hold Bitcoin as part of its treasury reserves.

A bill has been introduced in the Georgia General Assembly that would allow the state treasurer to invest in Bitcoin.

The bill, Senate Bill 228, aims to modernize the state’s investment strategy. Currently, state treasurers are limited in their investment options, typically sticking to traditional assets like bonds and cash reserves.

But with Bitcoin’s growing acceptance and long-term value appreciation, some lawmakers believe it could be a smart addition to the state’s portfolio.

“This bill would allow the state treasurer to invest a portion of the state’s treasury reserves in Bitcoin, offering a hedge against inflation and economic instability,” the bill reads.

“As the dollar loses value over time, Bitcoin’s scarcity and decentralized nature make it an attractive option, especially given the economic hardships faced by many Georgians.”

Bitcoin is a Bold Move for State Investments

Not everyone is thrilled about the idea, of course. Critics quickly point out Bitcoin’s price swings, which could put taxpayer money at risk.

They argue that state funds should be handled conservatively and that Bitcoin’s volatility could lead to losses.

But despite the concerns, Bitcoin has proven itself as a long-term asset. Major corporations, investment funds, and even countries like El Salvador have adopted Bitcoin as part of their financial strategy.

“Bitcoin is up over 100,000% since its creation in 2009, making it one of the best performing assets in history,” the bill continues.

“This asset appreciation could help the state fund important programs and services, such as education, healthcare, and infrastructure.”

More About Bitcoin Bills

Meanwhile, Arizona’s Bitcoin Reserve Bill has cleared a major hurdle, passing through committee approvals and moving one step closer to becoming law.

The bill, which would allow the state to hold Bitcoin as part of its reserves, now heads to the Senate floor for a final vote.

If passed, Arizona could set a precedent for state-level BTC adoption, signaling a shift toward digital assets in government finance.

The bill is the second piece of legislation in Arizona’s Senate that would allow the state to hold Bitcoin in its reserves. The other bill, SB 1025, was introduced earlier this year and has also passed through committee approvals.

Both bills now await a final vote on the Senate floor before moving on to the House of Representatives. If passed by both chambers, the bills would then head to the governor’s desk to be signed into law.

The move comes as several states are considering adopting cryptocurrencies in some capacity. Earlier this year, Wyoming passed a bill that would allow the state to accept Bitcoin for tax payments.

These developments suggest a growing interest among state governments in exploring the potential benefits of digital assets.