Arizona has passed the 'Strategic Bitcoin Reserve Act' authorizing the state treasury and pension funds to allocate up to 10% of available funds to Bitcoin and other digital assets. If this bill is signed into law, Arizona will become the first state in the United States to legally invest public funds in Bitcoin. If the Arizona bill takes effect, it may prompt other states to follow suit and even influence policies in developing countries. Arizona's practice will provide a trial sample of 'state-level crypto reserves' for the world. Success could encourage more countries to embrace digital assets, while failure could serve as a cautionary tale.