Texas is for Bitcoin Governor Greg Abbott has given assurance in signing the Texas SB21 Bill into law once the Bill has been forwarded to his office. I always know Governor Greg as a man of his words and he has been showing Keen interest on the SB 21 bill right from the onset, Likewise as a strong supporter of bitcoin in the US. I don't know how much taxpayers funds will be invested into Bitcoin but I am certain its gonna be huge since it's coming from the 8th largest economy in the world. For sure Texas will certainly become the Bitcoin headquarter of the USA.
No figures indicated on how much but they will not solely use the funds of tax payers since they have source like private donations and their investment earnings.
What's really more interesting about this is they allow people to donate on their reserve this is somehow a great article to read more about Texas plans and other more
https://www.texaspolicyresearch.com/texas-house-approves-sb-21-paving-way-for-state-run-bitcoin-reserve/Although there are doubts towards the action they made but for sure everything will be fine just like other institution invest first especially if they can work everything so well.
It will be interesting how Texas being active on accumulating bitcoin, will impact the game theory at federal level (Will the FED like being frontrunner by a single state Reserve?
Second, what happens at international level, if Texas starts frontrunning all the others nations. Imitation as a power to innovations.
The Fed level have been too slow in their pursuit of a Bitcoin Reserve especially seeing how states have been frontier the enacting of a Bitcoin Reserve in the US will keep you in the dark if the Federal are really serious in keeping their promises about the Bitcoin reserve,because the SBR Bill progress in the house isn't moving as expected and hasn't come to a close reasonable conclusion. Texas progress in signing the SB21 bill into law in the coming weeks is a clear hope that the FED will one day pick up strength in their pursuit of a federal Bitcoin reserve some day.
However, Irish boxer and turn politician, Conor McGregor have pledges to put
Bitcoin in Europe balance sheet if elected president. I have this strong feeling that McGregor if given a chance,am sure he is going to turn Ireland as the next El Salvador in Europe, Enacting a Bitcoin strategic Reserve and investing hugely in Bitcoin while holding it as strategic asset is one of his top priority if he succeed.