So Illinois and Indiana just went full degen. 

Well, sort of – they're trying to stack sats with public money… so degen for us, but potentially wise statecraft for them. 

Both states just dropped bills that would let them load up on Bitcoin. 

While most of us are still trying to explain crypto to our parents, these states are ready to put their money where their mouth is.

Illinois Goes All-In

Illinois State Rep John M. Cabello just introduced what might be the most bullish bill we've seen yet. 

They're calling it the Strategic Bitcoin Reserve Act (HB1844), and it's exactly what it sounds like.

They want to create a special fund in the State treasury just for holding Bitcoin. 

The State Treasurer would manage it, and, perhaps most importantly, they wouldn’t be allowed to touch it for five years once it's in there. Diamond hands are required.

Indiana's Playing 4D Chess

Not to be outdone, Indiana's coming in with a double-whammy approach. 

Their House Bill 1322 isn't just about buying Bitcoin but also using the underlying technology to its full potential.

First, they want to explore how blockchain could make government services more inefficient by March 2026. 

But the spicy part is that they want to also let state pension funds invest in Bitcoin ETFs. 

Soon enough, teachers' retirement funds in the state could soon be one of the fastest ways to get exposure to crypto. 

What a time to be alive.

Everyone's Joining The Party

These states aren't alone in their crypto FOMO – they’re just the latest.

Utah and Arizona are cooking up their own plans to get into digital assets. 

Texas's Lieutenant Governor Dan Patrick is making Bitcoin reserves a priority for 2025. 

Even South Dakota and Kentucky are eyeing how to get involved.

It’s the manifestation of the “laboratory of democracy” analogy long used to describe the 50 republics that comprise the United States.

Somewhere out there, a bald eagle with a firearm is playing the national anthem while flying over a lake made of high fructose corn syrup. 

Serious Talk About Serious Digital Assets

It’s important to note that this isn't just about states trying to look cool or adopt the latest tech.

They're starting to realize what many of us have known for years – Bitcoin might actually be a decent hedge against the near-infinite appetite for money printing that’s plagued our global, national, and local economies for the past decades.

And, while bullish, there are some serious questions left to answer. 

Like how do you manage the risk when your state's money is riding the Bitcoin rollercoaster? 

Will this further transform Bitcoin and crypto into a partisan political football?

And what happens when the feds finally figure out what they want to do about crypto regulation?

Bitcoin Here To Stay

Whether you think this is genius or madness probably depends on how many years you've been in crypto. 

But one thing's clear – when states start aping into Bitcoin, something industry-defining is unfolding before our very eyes.

Just don't expect your property taxes to be calculated in sats anytime soon.