According to Crypto Rover, the North Carolina Senate has passed a bill to initiate a strategic Bitcoin reserve, signaling growing institutional adoption of Bitcoin as a state-level asset (source: Crypto Rover, Twitter, May 1, 2025). This move may create increased demand for Bitcoin, potentially influencing upward price action and adding legitimacy to Bitcoin as a hedge asset for institutional and governmental portfolios. Traders should monitor subsequent buying activity and legislative progress, as further announcements or reserve allocations could trigger short-term market volatility and attract additional institutional capital.