The third reading of Arizona's strategic reserve for Bitcoin is set to take place, with a potential direct vote. If approved, it will then go to the governor for approval. If not approved, well... we all know what that outcome will be. But what if it is approved? Once passed, Arizona will become the first state in the U.S. to use BTC as a strategic reserve. This is different from Trump's national strategic reserve. Trump stated that taxpayer money cannot be used to buy BTC, but Arizona can use up to 10% of its fiscal or retirement funds to directly purchase Bitcoin. Although it may not be a large amount in the short term, the significance of this event is substantial. Why? Because a spot ETF only facilitates institutional and retail investors in buying Bitcoin, while a state government buying directly means an official endorsement for Bitcoin! More importantly, once the first state takes the lead, it will become easier for other states to follow, potentially triggering a domino effect. In the long term, this will inevitably boost Bitcoin's demand and market confidence.