#ArizonaBTCReserve Arizona, one of the United States of America, has just approved 2 bills to establish a 10 percent reserve based on Bitcoin in its treasury. It is worth noting that approval from the governor is still pending, and if she vetoes it, it would return to legislation. The project was passed with a majority, and the funds round to about 3000 million dollars. With Bitcoin soaring and obviously having a precedent in several states like Texas, New Hampshire, and Florida, expectations are high. It would be the first state in the country to approve it and would encourage a domino effect driven by the bull market. It should be noted, as I have always said in my publications, that if they do this, they will need to have the seriousness and willingness to implement risk management mechanisms, continuous supervision, and transparency to ensure that no more than 10% of the funds are used. The state manages about 30000 million dollars. About a third of what Satoshi has.
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