#阿布扎比稳定币
Bitcoin skyrockets to $95,000! Arizona is the first state to bet on cryptocurrency, is this move a win or a loss?
Imagine a government vault in some U.S. state, no longer just filled with dollars and gold, but also shining with Bitcoin! This is not a sci-fi movie, but a reality happening in Arizona. On April 28, the state house passed two historic bills (SB1025 and SB1373) with votes of 31:25 and 37:19, allowing the state government to invest up to 10% of public funds in cryptocurrencies like Bitcoin, making it the first state in the U.S. to explicitly require public fund allocation to cryptocurrency. After this news broke, Bitcoin's price instantly soared past $95,000, causing a market frenzy with over 110,000 liquidations, and global attention is focused on this new battlefield of “digital gold.”
1. The government taking the lead in buying Bitcoin, this operation is too cool!
1. A bold attempt of 10%
According to the bill, the Arizona State Treasurer and retirement funds can invest up to 10% of available funds in Bitcoin and other cryptocurrencies. For example, if the state treasury has $10 billion available to invest, theoretically, they could put $1 billion into Bitcoin! This money can not only be held long-term but can also earn additional income by lending out the crypto assets, such as lending Bitcoin to institutions for interest. This is equivalent to the government transforming into a “crypto fund manager,” playing a high-risk game of digital assets with taxpayers' money.
2. A reserve trendier than gold?
The core of the bill is to establish a strategic digital asset reserve fund, with funding sources including seized assets and legislative appropriations. Unlike traditional gold reserves, the decentralization and fixed supply (21 million coins) of Bitcoin are seen by supporters as a “digital shield” against inflation. For example, when the dollar depreciates due to overprinting, Bitcoin's scarcity may allow the state treasury to “sit pretty.” Additionally, the bill also allows the state government to store crypto assets in a federal strategic Bitcoin reserve, linking with national policies.
3. The governor's crucial vote
Currently, the bill has been submitted for signature by Governor Katie Hobbs. This Democratic governor previously threatened to veto all bills due to budget disputes, but the latest news indicates that the budget deadlock has temporarily eased.
