In the past couple of days, there has been talk about the BTC bill in Arizona. Is there hope? Has it passed?
If it had completely passed, the market would have surged, haha, clearly it hasn't yet. Yesterday, the Arizona legislature passed a significant bill to designate Bitcoin as a strategic reserve asset, but! Now it just needs the governor's signature. She has 5 working days to decide whether to sign it, not sign it, or let it pass by default. Once passed, Arizona will become the first state in the U.S. to treat BTC as a strategic reserve. This is different from Trump's national strategic reserve, which cannot use taxpayer money to buy BTC, but the former can use up to 10% of its financial or retirement funds to directly purchase BTC. Although it won't buy much in the short term, the significance of this is huge, as it essentially gives BTC official endorsement. Moreover! Once the first state takes the lead, it will be easier for other states to follow, potentially triggering a domino effect.
So, as long as it passes completely, the price is likely to rise, which is a long-term positive.
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