#ArizonaBTCReserve Arizona has passed the Strategic Bitcoin Reserve Act, authorizing the state to invest up to 10% of its treasury and pension funds in Bitcoin and other digital assets. If signed into law by the governor, Arizona would become the first U.S. state to legally invest public funds into Bitcoin. The move aims to diversify the state's financial holdings and potentially hedge against inflation. It could also attract blockchain innovation and tech investment to the state. However, it introduces significant risks due to the high volatility of cryptocurrencies. If successful, Arizona’s approach may set a precedent, encouraging other states to consider digital assets as part of their public financial strategies.
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