Author: Vickie Helm

For better or worse, every Texan owns a little bit of the popular cryptocurrency Bitcoin. Lawmakers from both parties voted in favor of creating the Texas Strategic Bitcoin Reserve during the regular legislative session, and Governor Greg Abbott happily signed the bill into law in June. The state comptroller’s office, which oversees the fund, recently signed a deal to buy the fund’s first asset, $5 million in Bitcoin. This newspaper has opposed the establishment of a public cryptocurrency stockpile for a variety of reasons. Our concerns remain important.Cryptocurrencies are highly volatile, and Bitcoin’s recent history highlights that. Bitcoin had reached…