The state of New Hampshire (home to Warren Buffett, the world’s largest stock investor and longtime #Bitcoin critic) has approved the first $100 million municipal bond backed by #Bitcoin, marking a milestone in the US’s local governments’ move to use #BTC as collateral.

Governor Ayotte has described the bond as “a historic step towards making New Hampshire a leader in digital finance without risking public funds.” The proceeds and any appreciation in the value of the bond will go to a #Bitcoin Economic Development Fund.

This is the first time a municipal entity in the US has implemented such a structure, and it could become a model for other states. Under the new law, HB 302, New Hampshire will also be able to hold up to 5% of its assets in #Bitcoin.

Where the great symbol of traditional investment lies, the state’s financial structure is now leaning toward #Bitcoin.