$BTC
Arizona has passed the 'Strategic Bitcoin Reserve Act'
authorizing state treasuries and pension funds to allocate up to 10% of available funds
to Bitcoin and other digital assets.
If the bill is signed into law, Arizona will become
the first state in the U.S. to legally invest public funds in Bitcoin.
If the Arizona bill takes effect, it may trigger other states to follow suit
and even influence policies in developing countries.
Arizona's practice will provide a 'state-level crypto reserve' test case
Success could encourage more countries to embrace digital assets
Failure could serve as a cautionary tale.