The resolution urges the State Investment Council of South Dakota to invest in Bitcoin as a means to protect the state's financial resources from inflation and economic uncertainties. It highlights Bitcoin's significant market capitalization, its growing acceptance as a global medium of exchange, and its adoption by various countries, including the United States, as part of their treasury holdings. The resolution emphasizes that Bitcoin is increasingly recognized as a valuable asset for hedging against inflation, which aligns with the state's need for effective financial tools.
In light of these considerations, the resolution calls for the State Investment Council to take action by investing in Bitcoin and other digital assets. This move is presented as a proactive strategy to ensure the state's financial stability and to leverage the potential benefits of emerging digital currencies in the face of economic challenges.