New Hampshire’s Quirk of Bitcoin-Backed Bonds

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Sit back, dear reader, and prepare to be whisked into the realm of fiscal fancies and cryptographic curiosities. For in the esteemed state of New Hampshire, a peculiarity of the pocketbook has occurred, which would make the devil blush and even the angels chuckle! 🌟 A distinguished assembly known as the New Hampshire’s Business Finance Authority has, with the elegance of a swan and the sparkle of a diamond, approved an astounding $100 million Bitcoin-backed municipal bond. This, you understand, is the first of its kind in the delightful land of the free and home of the bold.

Now, hold onto your hats, for the good people of New Hampshire, not content with a modest investment strategy, boldly decided to stake up to 5% of their treasury in the enigmatic world of digital assets. In a move that combines both audacity and a hint of whimsy, this boundless bond uses over-collateralized Bitcoin held by none other than BitGo-imagine, a custodian as vigilant as a dragon guarding its hoard, ensuring that even if Bitcoin’s value were to take an impromptu plunge, investors would find themselves snugly protected, sleeping peacefully like babes in the woods.

The plot thickens, dear reader, as the fees and returns from this lustrous Bitcoin treasure are poised to nourish the state’s Bitcoin Economic Development Fund. A fund as eager as a child with a new bicycle, it seeks to nourish innovation and entrepreneurship, bringing a wave of imaginative disruptions to our otherwise tranquil lives. 🚀

Imagine, if you will, the prospect of such pioneering partnerships opening grandly the gates of the $140 trillion global debt market, as if a new rosy-dawn of digital assets had arrived on a silver platter. In such worlds, fiscal policy and blockchain pirouette in a rhythmic dance, and finance becomes as daring and daringly delightful as theatre-a veritable surreal symphony. 🎭

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2025-11-19 08:37