Arizona just did something big! On April 29, their Senate passed a new bill with 37 votes in favor, allowing the government to use 10% of annual revenue to buy Bitcoin and other cryptocurrencies.

This is the first state in the U.S. to treat Bitcoin as a strategic reserve. If the governor signs it into effect before May 4, based on last year's $31.7 billion in fiscal revenue, up to $3.17 billion could flow into the crypto market.

Right now, the market is watching the governor's signature, with Bitcoin's price stuck around $95,000. However, it’s important to note that even if it passes, there could be a situation where "good news turns into bad news." Recently, trading volumes have not been high, and prolonged sideways movement may lead to a pullback.

But in the long run, if Arizona successfully leads the way, other states are likely to follow suit, which would be a significant positive for cryptocurrency. We’ll find out in five days!

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