OKG Research： If 33 Bitcoin Reserve Laws in 18 US states are implemented, it may bring $53.4 billion in buying demand

According to OKG Research, as of March 20, 2025, 18 states in the United States have implemented 33 "Bitcoin Strategic Reserve Acts". If all the above-mentioned bills are implemented and executed according to the proposed upper limit, it may bring potential buying demand of up to $53.4 billion (approximately 630000 BTC). This scale is 1.5 times the net inflow of US spot BTC ETFs ($35.8 billion), equivalent to 1.26 times MicroStrategy's current BTC holdings. This data is based on the budget of each state for the fiscal year 2024-2025 and only includes bills that specify funding sources and proportional limits. The estimate is based on a 20 day average price of $84634 for Bitcoin.