🚨 #ArizonaBTCReserve — the state joins the game, who will be faster? 🚨
📜 Fact: On April 28, the state chamber passed SB 1025 and SB 1373 — the treasury will be able to invest up to 10% of the budget (≈ $3 billion) in Bitcoin and other digital assets. The final word is with Governor Katie Hobbs.
🏦 What will change when signed
a Digital Assets Strategic Reserve Fund is created — assets managed by the treasurer, replenished by seized/purchased crypto-coins;
a transfer of part of pension and road funds to BTC is allowed — the first such precedent among U.S. states;
a yearly limit is set — ≤ 10% of the portfolio, to avoid "overheating" the balance;
📈 Why the market is reacting
institutional demand < state > = direct purchase of spot BTC from the treasury's account;
a precedent for other Republican states (Texas, Florida) — the likelihood of a "domino effect";
against the backdrop of a historical liquidity shortage for miners, any large state acquisition reduces supply.
My trade plan
⛑️ Risk ≤ 3% of deposit/position — state procedures are not instantaneous; a veto is possible.
❓ Do you believe it will be signed? Write "🟢" if long BTC before the announcement, "🟡" — waiting for the signature, "🔴" — short.
#BTC #MicroStrategy #ETF #Adoption #CryptoLaw