Andrew Sorrell, Alabama’s State Auditor General, has joined a growing list of prominent figures calling for the establishment of strategic Bitcoin reserves in the United States. In an interview with 1819 News on December 12, Sorrell emphasized the need for U.S. states to diversify their financial portfolios by investing in Bitcoin, a move he believes could hedge against inflation and fiat currency risks.
“The debate over whether crypto will succeed has ended,” Sorrell stated, backing the growing momentum for Bitcoin adoption in government reserves, which has gained traction since Donald Trump’s victory in November. According to Sorrell, creating a Bitcoin reserve would not only benefit Alabama but could also position the state—and other U.S. jurisdictions—as crypto-friendly hubs for business and investment.
Sorrell proposed a cautious approach to Bitcoin acquisition, recommending that Alabama adopt a dollar-cost averaging (DCA) strategy. This approach involves purchasing predetermined amounts of Bitcoin over time, reducing the impact of market volatility. He suggested that Alabama accumulate its Bitcoin reserves over a two-year period, in line with federal legislation championed by Wyoming Senator Cynthia Lummis.
The idea of state-backed Bitcoin reserves has gained significant attention following pledges from President-elect Donald Trump, who has expressed strong support for cryptocurrency and blockchain technology. Trump’s administration is expected to foster an environment conducive to the growth of the crypto industry, with key appointments such as Coinbase CEO Brian Armstrong and Silicon Valley veteran David Sacks being tapped for advisory roles. Additionally, Trump’s nominee for SEC Chair, Paul Atkins, has been a vocal advocate for pro-crypto policies.
Senator Lummis, a key supporter of the Bitcoin reserve initiative, has introduced the BITCOIN Act, which would aim to accumulate 4% of Bitcoin’s total 21 million supply over the next five years. The bill, if approved, would build on Trump’s promise to retain the U.S. government’s existing 207,000 BTC stockpile, roughly 1% of the total supply.
As the debate over Bitcoin’s role in government portfolios continues to evolve, Sorrell’s proposal signals the increasing momentum for integrating digital assets into state and federal financial strategies.
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