#ArizonaBTCReverse Bitcoin is going for hit 96k to 97k what about your idea expected is 97k in this week hold.

Arizona has made a significant move in embracing Bitcoin, becoming the first US state to pass a bill establishing a strategic Bitcoin reserve. Here's what's happening¹ ²:

- *The Bill*: Senate Bill 1025 allows Arizona to invest up to 10% of its $31.5 billion in public funds into digital assets like Bitcoin. This translates to around $3.14 billion, which could potentially acquire approximately 31,000 BTC.

- *Digital Assets Strategic Reserve Fund*: The bill establishes a fund to manage seized or purchased crypto assets, prioritizing transparency and risk management protocols. This fund will ensure that public funds are protected against volatility and custodial risks.

- *Next Steps*: The bill has been passed by the Arizona State Legislature and now awaits Governor Katie Hobbs' signature. If signed, Arizona would become the first US state to formally hold Bitcoin in its treasury, setting a precedent for other states and sovereign governments.

- *Impact*: This development could legitimize Bitcoin as a mainstream financial asset, encouraging other states to rethink their strategies. It's seen as a bullish sign for the cryptocurrency market, potentially increasing demand and driving more optimism.

Other states like Texas, Florida, and New Hampshire are also exploring similar Bitcoin reserve strategies, indicating a growing trend of institutional adoption.