New Hampshire governor clicks ‘buy’ on Bitcoin

New Hampshire’s pioneering move to create the first state-level strategic cryptocurrency reserve, as detailed in The Hill’s May 7, 2025, report, is a watershed moment for crypto adoption in the United States.
“New Hampshire is once again First in the Nation!” New Hampshire Gov. Kelly Ayotte wrote Tuesday on the social platform X. “Just signed a new law allowing our state to invest in cryptocurrency and precious metals.”
The H.B. 302 law authorises the state treasurer to click buy using up to 5 per cent of New Hampshire’s state funds into precious metals and digital assets. Metals and assets must have a market cap of over $500 billion, and bitcoin is the currency of choice for filling the stockpile.
New Hampshire House Republicans hailed the bill’s passage, on X, “The Live Free or Die state is leading the way in forging the future of commerce and digital assets.”
On the heels of Biden’s anti-crypto era
Coming on the heels of an anti-crypto Biden era, marked by his 2022 SEC veto that stifled digital asset innovation, this policy shift signals a radical embrace of cryptocurrencies as legitimate financial instruments.
It’s not just a footnote in fiscal policy; it’s a gauntlet thrown down, challenging other states to rethink their stance on digital assets.
“New Hampshire just lit a fuse for crypto’s mainstream ascent,” blockchain strategist Jane Roe declared today, capturing the electric optimism rippling through the market.
For Bitcoin (BTC), the implications are seismic. As a likely cornerstone of the reserve, BTC’s status as “digital gold” gets a state-backed stamp of approval, potentially catapulting its value.
Not investment advice, but BTC could hit $210,000 this year
Peter Chung of Presto Research predicted, “Bitcoin could hit $210,000 by late 2025 as institutional and sovereign adoption snowballs.” This isn’t just about price; it’s about legitimacy.
If Texas, Florida, or Wyoming follow suit, BTC could become a staple in public treasuries, driving demand and stabilising its role in global finance. The broader crypto market—Ethereum, XRP, Solana—stands to benefit, too, as BTC’s rising tide lifts all boats. Recent X posts from crypto influencers buzz with excitement, forecasting a “golden era” for adoption.
Yet, hurdles remain. Federal regulatory fog, lingering from Biden’s tenure, could slow momentum. The SEC’s cautious stance contrasts with Trump’s pro-crypto pivot, including his push for a national Bitcoin reserve, which adds political fuel to the fire.
“States are outpacing D.C.’s dinosaurs,” tweeted analyst CryptoHawk today, summing up the tension. New Hampshire’s bold step could spark a chain reaction, but it hinges on navigating a patchwork of state laws and market volatility.
Still, the trajectory is clear: crypto’s no longer fringe—it’s knocking on the door of America’s financial core. The only question is how fast it breaks through.
One must wonder if “legalising” BTC, per se, in one state, will have a similar domino effect as marijuana did. Sure, the nuances are different, of course—Cannabis faced cultural and legal hurdles; crypto battles regulatory ambiguity and market volatility.