The new SB 178 bill would allow up to 5% of public funds to be invested in Bitcoin.
In Georgia, the SB 178 bill, currently under discussion and introduced by Senators Greg Dolezal, Brandon Beach, and Clint Dixon, would authorize the state treasurer to invest up to 5% of public funds in Bitcoin.
The proposal does not include other cryptocurrencies like Ethereum or stablecoins, focusing exclusively on Bitcoin. According to lawmakers, Bitcoin serves as a reliable long-term store of value and a hedge against inflation.
While fiat currencies gradually lose purchasing power due to monetary expansion, Bitcoin, with its fixed supply of 21 million units, presents itself as an asset immune to devaluation.
Opponents of the proposal argue that public funds require particularly cautious management, which may not align with highly volatile assets.
