New Hampshire just pulled the ultimate mic drop move in the crypto world. It dressed Bitcoin up in a business suit and walked it straight into the bond market.
Yep, it’s the kind of plot twist crypto Twitter has been meme-ing about for years.
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Up to 5% of public funds in Bitcoin
The state’s Business Finance Authority has given the green light to a groundbreaking $100 million municipal bond backed by Bitcoin collateral, and not just any Bitcoin collateral, but a 160% over-collateralized stash.
If the coverage dips below about 130%, the collateral gets liquidated.
This tightrope act opens the door for crypto assets to storm the $140 trillion global debt market.
If other states copy New Hampshire’s playbook, Bitcoin isn’t simply just a hedge against macro chaos anymore.
For those thinking New Hampshire is flying solo, well, no. Earlier this year, it became the pioneer state to pass a Bitcoin reserve law, letting the treasurer park up to 5% of public funds in Bitcoin and other big-name digital assets, held safely under strict regulations.
It’s a bold combo, a reserve fund plus Bitcoin-powered bonds, sending a loud message, state actors are warming up to Bitcoin as both a vault of value and a tool to grease the wheels of finance.
A high-speed, programmable environment
But experts say Bitcoin locked up in bonds and reserves needs lightning-fast rails to move, slow blockchain transactions and sky-high fees won’t cut it when you’re dealing with institutional-level collateral.
Enter Bitcoin Hyper, quietly prepping its Layer 2 network, built to be the high-octane highway for Bitcoin collateral.
Bitcoin Hyper uses Solana Virtual Machine tech and a canonical bridge, letting wrapped Bitcoin zip through a high-speed, programmable environment.
Bitcoin becomes the golden collateral backing a slice of that massive $140 trillion debt?
The timing here is electric. New Hampshire kicking off this Bitcoin-bond revolution, and experts say if Bitcoin becomes the golden collateral backing a slice of that massive $140 trillion debt pie, Bitcoin Hyper’s rails could be the unsung heroes, shuttling value at institutional speeds.
New Hampshire might just be the underdog that shoveled crypto into the grand financial arena.
The only question now is, who’ll follow, and how fast will this radical idea spread?
Cryptocurrency and Web3 expert, founder of Kriptoworld
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With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
