Texas to hold first public hearing on establishing strategic Bitcoin reserve on February 18

Odaily reports that the first public hearing on establishing a potential strategic Bitcoin reserve in Texas is scheduled for February 18. analyst Iliya Kalchev stated that while the hearing is a positive step in driving Bitcoin adoption, it may only represent a "symbolic gesture" for the cryptocurrency market. Kalchev believes: "Texas viewing as a reserve asset is another step towards the institutional legitimacy of , but state-level initiatives often only create ripples, not waves, compared to ETF inflows or corporate allocations." He added: "Unless the hearing announces near-term purchase plans or major policy shifts, the market's reaction may be muted, as Texas' support for cryptocurrencies is already well-known."