In the early hours of Tuesday, Arizona will conduct a third reading on the Bitcoin state strategic reserve, which may go directly to a vote. If passed, it will be sent to the governor for approval. If not passed, well...

We all know what happens if it doesn't pass. But what if it does? Once approved, 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. Trump said taxpayer money cannot be used to buy BTC, but Arizona can directly purchase Bitcoin with up to 10% of its fiscal or retirement funds.

Although not much can be bought in the short term, this is significant. Why? Because a spot ETF only makes it easier for institutions and retail investors to buy Bitcoin, while a state government purchasing it directly equals an official endorsement for Bitcoin! More importantly, the first state sets a precedent, making it easier for other states to follow suit, which could trigger a domino effect. In the long term, this will inevitably boost the demand for Bitcoin and market confidence. #特朗普税改 #美股财报周来袭 #ProSharesTrustXRPETF