#ArizonaBTCReserve Arizona and its bet on Bitcoin: Is the crypto era coming to governments?
Arizona is about to make history: it has just approved two laws that, if the governor signs them, will allow the state to invest up to 10% of its public funds in Bitcoin and other cryptos. It would be the first state to do so officially.
Yes, you read that right. State money, invested in crypto.
This is not just a financial move. It is a signal that some governments no longer see Bitcoin as an experiment, but as a possible serious store of value. And the craziest part is that another 15-20 states are already looking down this same path. If more people join the movement, there could be a demand of over $23 billion in Bitcoin just from public funds.
Now, this is not settled. Governor Katie Hobbs still has to sign. And be careful, she had already warned that she would not approve anything without prior agreements in other areas, such as health. So there are still doubts.
But the message is clear: states are already exploring new ways to protect their money. Some see it as an opportunity to get ahead of the future, others feel it is a very risky bet.
The truth is that if this is approved, it could mark a before and after in how governments manage their reserves. And perhaps, soon, we won't be surprised to see Bitcoin sitting at the table with the big players.
Revolution or unnecessary risk? Time will tell. But the debate has already started, and there is no turning back.