• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Ledger CTO Warns Of Crypto Clipper Malware Following Major NPM Breach
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Ledger CTO Warns Of Crypto Clipper Malware Following Major NPM Breach
US state New Hampshire Bitcoin ETF investment Rep. Keith Ammon

US State Rep. Mulls 5% Bitcoin ETF Investment In Rainy Day Fund

Jake Simmons
by Jake Simmons
1 year ago
·
Posted in Bitcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Keith Ammon, New Hampshire State Representative for New Boston, Mont Vernon, Lyndeborough and Vice Chair of Commerce and Consumer Affairs, opened a discussion on the potential of diversifying the state’s financial reserves into Bitcoin ETFs. His comments, posted on X (formerly Twitter), highlight a dramatic what-if scenario that underscores the explosive growth of BTC over the last decade.

What Bitcoin Can Do For New Hampshire

Ammon’s reflection on the state’s financial decisions comes at a time when BTC and other digital assets are increasingly being acknowledged by major institutional investors. His detailed analysis posited, “Should the State of New Hampshire investigate allocating a small percentage of its reserves into a Bitcoin ETF? Of course, hindsight is 20/20, but had the State of NH put just 5% ($4.65M) of its 2016 $93M rainy day fund into Bitcoin and held it, that amount of BTC today would be worth nearly half a billion dollars ($473M), a 10,000% ROI.”

This assertion follows a surge in institutional interest in BTC as a viable asset class. According to recent insights from BlackRock, the world’s largest asset manager, there has been a noticeable increase in Bitcoin ETF investors, which now includes entities like sovereign wealth funds and pensions.

Related Reading: Trump Campaign Develops Bitcoin Agenda With Industry Expert: Details

Additionally, Ammon cites Manuel Nordeste, Fidelity’s Vice President of Digital Assets, who recently highlighted the growing trend among major pension funds and big banks towards spot Bitcoin ETF allocations, driven by an escalating interest in the digital asset market. “25% of pension managers present at a recent panel personally owned digital assets. If just 1% of state pension AUM ($5.5T) flowed into BTC, it would dwarf mining revenue, leading to a supply shortage relative to demand and a price increase for Bitcoin,” Ammon stated.

Reflecting on the potential future impacts, Ammon also referred to a prediction by Cathie Wood, CEO of Ark Invest, who has forecasted a significant rise in Bitcoin’s value. Wood speculates that Bitcoin could reach $3.8 million per unit by 2030 if institutional investors allocate more than 5% of their portfolios to the cryptocurrency.

Utilizing this prediction, Ammon extrapolated potential returns for New Hampshire, “If NH invested 5% ($14.5M) of its $290M rainy day fund balance into a Bitcoin ETF at today’s prices and held it until 2030, it would be valued at nearly one billion dollars ($900M), a 6,200% ROI.”

Related Reading: Bitcoin ‘Danger Zone’ In 2 Days: Crypto Expert Explains What This Means

The implications of such investments extend beyond mere speculative gains. New Hampshire faces outstanding liabilities totaling approximately $1.45 billion, including $1.25 billion to the state pension system and around $200 million in bonds.

Ammon argues that exploring alternative investments like Bitcoin could be a viable solution to these financial challenges, suggesting, “How could we climb out of that hole? The answer may be staring us in the face, and it’s worthy of further investigation.”

Reactions from the BTC community and financial experts were prompt. James Lavish, a noted Bitcoin authority, underscored the importance of this consideration from a fiduciary responsibility perspective.

He remarked, “The simple answer is yes. A more involved answer is: To not at least investigate a possible allocation in Bitcoin would be a breach of fiduciary duty, considering the alarming deficit levels and exponentially expanding federal debt.”

Dennis Porter, CEO and co-founder of Satoshi Act, a non-profit advocating for Bitcoin mining in the USA, succinctly supported the notion with, “You know my answer.”

Ammon’s proposal underscores the growing politicization of Bitcoin in the US, highlighting a shift towards crypto becoming a significant electoral issue. This trend is further evidenced by former US President Donald Trump’s recent pivot towards a pro-BTC and crypto stance, aiming to leverage this position in his bid to return to the White House.

Trump’s change of heart marks a notable development, reflecting the increasing relevance of crypto in political strategies and national economic discussions.

At press time, BTC traded at $62,799.

Bitcoin price
BTC price, 1-day chart | Source: BTCUSD on TradingView.com
Featured image from Granite State Times, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Jake Simmons

Jake Simmons

Follow

Jake Simmons has been a Bitcoin enthusiast since 2016. Ever since he heard about Bitcoin, he has been studying the topic every day and trying to share his knowledge with others. His goal is to contribute to Bitcoin's financial revolution, which will replace the fiat money system. Besides BTC and crypto, Jake studied Business Informatics at a university. After graduation in 2017, he has been working in the blockchain and crypto sector. You can follow Jake on Twitter at @realJakeSimmons.

Full Profile

Related Posts

AI Models Predict Neutral Bitcoin Trend: Warns Of Late-September Shock

AI Models Predict Neutral Bitcoin Trend: Warns Of Late-September Shock

41 minutes ago
bitcoin btc btcusd crypto

Whales Dump 115,000 BTC in Largest Distribution Since 2022: Is a Crash Looming?

1 hour ago
Bitcoin

Is Tether Dumping Its Massive Bitcoin Holdings? CEO Shares The Truth

3 hours ago
bitcoin trump powell

Fed Rate Cuts Incoming: Why Analysts Doubt Bitcoin’s Next Rally

4 hours ago
Bitcoin Futures On Binance Reach New Levels, Overtakes Global Real Estate Valuation

Bitcoin Futures On Binance Reach New Levels, Overtakes Global Real Estate Valuation

12 hours ago
Metaplanet Expands Bitcoin Treasury Past 20K BTC Worth Over $2.2B

Metaplanet Expands Bitcoin Treasury Past 20K BTC Worth Over $2.2B

13 hours ago

Premium Sponsors

Press Releases

  • miner

    COME Mining cloud mining is becoming a new way to play with...

    5 hours ago
  • How ALL4 Mining Cloud Mining Unleashes XRP’s...

    5 hours ago
  • Domain Scams

    Scam Coinomize Domains: How to Spot and Stop Domain Scams

    7 hours ago
  • miner

    New hope for XRP holders: Switch strategies and earn $7,481...

    9 hours ago
  • miner

    ETF fever sweeps the market, BAY Miner cloud mining allows...

    10 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.