Historic Step in the USA: Bitcoin Reserve Created Here! - Coin Bulletin

The city of Roswell in the state of New Mexico, USA, has established the country's first municipal-level strategic Bitcoin reserve with a donation of 3 thousand dollars worth of Bitcoin (BTC).

The Roswell city administration has made a groundbreaking move in the cryptocurrency field by including Bitcoin in the municipal budget. Officials, who accepted a $3,000 Bitcoin donation to the city, are now planning to establish an official Bitcoin Strategic Reserve at the municipal level based on this donation. This step, taken by a local government for the first time in U.S. history, has elevated Roswell to a pioneering position in Bitcoin and cryptocurrency integration.

Local authorities have started meetings to officially establish a Bitcoin reserve following the donations received. This move is thought to potentially change the perspective of other local governments towards cryptocurrencies and serve as an encouraging example for them to take similar steps.

Are municipalities ready for Bitcoin?

The historic initiative of the Roswell City Council shows that local governments can now take bolder steps to integrate digital assets into their economic strategies. It is predicted that other cities in the US will closely follow this development and may adopt similar practices in the future. The crypto community believes that local governments can lead to the widespread adoption of Bitcoin through such initiatives. With this decision, the city of Roswell has turned into a testing ground for municipal administrations in the US.