A new wave is unfolding in the United States. Texas and New Hampshire are leading the way, planning to include Bitcoin in their state-level public asset allocations — this is no longer a bold move by a fund manager, but an official government action. CNBC reported details of proposals from multiple states, with the core logic closely resembling the approach of publicly traded companies allocating to crypto assets: using BTC to hedge traditional asset risks and build a more resilient balance sheet.

From grassroots to official channels. The fast-food chain Steak 'n Shake recently invested $10 million in Bitcoin and started accepting crypto payments, forming a complete positive cycle. These actions may seem isolated, but they actually reflect a turning point: mainstream companies no longer see crypto as mere speculation but as a strategic asset backed by real value.

Market data also confirms this shift. BTC has risen above $95,000, and various ETFs continue to attract capital. Interestingly, even traditional investment heavyweight Cathie Wood has reiterated: Bitcoin is the best risk diversification tool, with very low correlation to stocks, bonds, and gold. In other words, regardless of market volatility, BTC can play a unique hedging role.

From state governments to enterprises, from institutions to individuals, this wave of allocation seems to be accelerating.