New Hampshire Enacts Historic Strategic Bitcoin Reserve Law
On Monday, New Hampshire Governor Kelly Ayotte signed House Bill 302 into law, making the state the first in the United States to establish a Strategic Bitcoin Reserve .
The bill allows up to 10% of the state’s general fund to be invested in digital assets with a market capitalization exceeding $500 billion – a threshold that currently only Bitcoin (BTC) meets. The state may hold these assets directly or through exchange-traded funds (ETFs). It can also choose to self-custody or work with approved third-party custodians.
Governor Ayotte celebrated the decision on social media:
“New Hampshire is once again First in the Nation! Just signed a new law allowing our state to invest in cryptocurrency and precious metals.”
Pro-Bitcoin advocates welcomed the move as a breakthrough moment for sound money policy. The Satoshi Action Fund described it as “a historic step toward financial sovereignty.” Several other states—including Arizona, Illinois, Maryland, Michigan, and Texas—are now reviewing similar proposals modeled after frameworks developed by pro-Bitcoin advocacy groups.
Meanwhile, Florida has indefinitely postponed its Bitcoin investment legislation, halting momentum in what had been one of the more crypto-friendly jurisdictions in the U.S.
CZ Predicts Bitcoin Could Reach $1 Million This Cycle
In a recent interview with Farokh Radio, Binance founder Changpeng Zhao (“CZ”) predicted that Bitcoin could rise to between $500,000 and $1 million during this bull cycle. He also said the total crypto market cap might reach $5 trillion by 2025 .
This forecast builds on CZ’s previous accurate predictions, including his call in 2020 for Bitcoin to hit $100,000 , which came true in December 2024 .
While bullish on Bitcoin, CZ expressed concerns about memecoins, calling them speculative and warning that 99.99% will fail . He argued that such projects distract from meaningful innovation in areas like AI integration with blockchain and decentralized science (DeSci) .
He praised the Trump administration for its pro-crypto policies , noting a dramatic shift in Washington’s approach over the past few months.
Standard Chartered recently initiated coverage of BNB, forecasting the token could climb to $2,775 by 2028 , representing a gain of over 360% from current levels.
Bitwise CIO Warns Crypto Summer Could Be Tough Without Regulatory Progress
Matt Hougan, Chief Investment Officer at Bitwise, warned that if Congress fails to pass key crypto legislation like the GENIUS Act , the summer of 2025 could bring challenges for the industry.
The GENIUS Act, aimed at regulating stablecoins, lost critical Democratic support amid concerns around President Trump’s growing involvement in crypto policy .
Despite regulatory uncertainty, Hougan remains optimistic. He believes Bitcoin could surpass $200,000 and most major crypto assets could reach new all-time highs if lawmakers act quickly .
“The next few days and weeks will be fraught,” Hougan said. “If legislation fizzles, this could be a challenging summer for crypto. But if Washington gets it together, I think the bull market will be unstoppable.”
Kenya Court Orders Sam Altman’s World to Delete Biometric Data
A legal setback struck Sam Altman’s Orb project , part of the broader World crypto identity initiative , when Kenya’s High Court ordered the company to delete all biometric data collected locally within seven days.
Justice Aburili Roselyne ruled that the collection of iris scans and facial images violated constitutional privacy rights. The court also permanently barred World from collecting or processing further biometric data in Kenya.
Kenya was once one of the largest markets for World before operations paused in August 2023 . The company resumed activity in June 2024 after local authorities dropped their investigation, but the court ruling now blocks any further expansion in the region.
While Kenya closes its door, World continues to expand in the U.S. and faces regulatory scrutiny in Indonesia over alleged data violations.
eToro Eyes $4 Billion Valuation With Nasdaq IPO
Crypto and multi-asset trading platform eToro plans to go public on the Nasdaq under the ticker ETOR , targeting a valuation of around $4 billion and raising up to $500 million .
The offering includes 10 million shares priced between $46 and $50 , with half issued by eToro and the remaining shares coming from existing investors.
This marks eToro’s second attempt at an IPO after a failed SPAC deal in 2022 . The listing comes amid evolving regulatory conditions in the U.S., especially under the current Trump administration.
What’s Coming Up Next: Fed Rate Decision, Token Unlocks & More
Here’s what to watch in the coming days:
- Federal Reserve interest rate decision scheduled for 2 p.m. ET on Wednesday
- FOMC press conference to follow at 2:30 p.m.
- Major token unlocks expected for EigenLayer and Kaspa
Conclusion
The crypto landscape continues to evolve rapidly, shaped by state-level adoption , executive forecasts , and regulatory developments .
From New Hampshire’s groundbreaking Bitcoin reserve to CZ’s bold price predictions and looming legislative decisions in Washington, 2025 stands out as a pivotal year for the industry.
Whether the market enters a volatile phase or breaks into a powerful new bull run depends heavily on how regulators and lawmakers respond in the weeks ahead.
