Arizona is making a big move! Their legislature has voted to pass a bill allowing the state government to use up to 10% of its finances and pensions to buy Bitcoin. Now we just wait for the governor's approval (decision within 5 days). If this goes through, it will be the first state in the U.S. to recognize Bitcoin as an official reserve.

Although they can't buy too much in the short term (for example, if the state pension is 20 billion, they can buy up to 2 billion), the significance is huge—it’s like the government has given Bitcoin a 'reliable' stamp of approval. The key is that once one state takes the lead, others are likely to follow suit, potentially bringing in hundreds of billions in funding in the long run.

However, don't rush to shout about skyrocketing prices. Even if it’s passed, the government will take its time buying coins and won't go all in at once. But this is definitely seen as a long-term positive, equivalent to opening an official funding channel for Bitcoin!