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, 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 by both sovereign nations and investment advisors.
In light of these factors, the resolution calls for the State Investment Council to consider Bitcoin and other digital assets as part of its investment strategy. This move is intended to provide the state with additional tools to safeguard its financial interests and adapt to the evolving economic landscape.