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For much of its early history, Bitcoin was often described as a financial asset that moved independently from traditional markets. Investors and analysts frequently referred to it as “digital gold,” suggesting it could function as a hedge against inflation or economic instability.

As of early 2026, New Hampshire has not yet made a purchase. Though the authority exists and the infrastructure surrounding it is being built, the state that got there first legislatively has been cautious about initiating a purchase in deliberate contrast to what Texas did next.