A shocking jolt to Bitcoin monopoly.. The first state to declare war on the dollar!**
The state of **Arizona** in the USA has announced its shocking plan to convert **5%** of its financial reserves into **#Bitcoin**, in a move that is the first of its kind globally, redefining the concept of "sovereign reserve" and igniting competition among governments to enter the era of digital currencies.
**Why Arizona?**
- The state is considered the **heart of American financial technology**, with major companies like **MicroStrategy** heavily investing in Bitcoin.
- An attempt to shield its economy from inflation risks (which reached **7%** in 2023) through a digital asset with a limited supply cap.
- Attracting major investments from **blockchain** companies after the approval of supportive laws for digital currencies.
**Explosive details:**
- **$10,000 BTC** (valued at approximately **$600 million**) will be purchased through a partnership with the **Kraken** platform.
- **50%** of corporate taxes will be converted.