First U.S. State to Adopt Bitcoin to Reap Huge Profits

The first country to take the initiative and push hard for rapid bitcoin adoption, as Nayib Bukele in El Salvador has done, will reap huge economic rewards and immediately make its residents richer.

The U.S. companies that took this gamble have been handsomely rewarded in a relatively short period of time:.

"If I had chosen gold over bitcoin at the time of purchase, we would likely have about $250 million in gold." Our shareholders would have lost $400 to $5 billion." -- Michael Seiler, CEO of MicroStrategy (at the Bloomberg Intelligence event at the Bitcoin 2022 conference)

will state go first?

Which will go first?

States like New York and the Mid-Atlantic are unlikely to do so due to their reliance on the Federal Reserve financial system. California oscillates between openness to technological innovation and establishment issues. Residents and companies in the region

This may be the case in Florida, which aims to outpace its large state rivals in terms of financial dominance. Miami's mayor would no doubt agree. Other smaller southern states, such as Alabama, Mississippi, Kentucky or Tennessee, would make considerable progress on their current economic levels, thus providing both feet for the Bitcoin race.