On April 28, 2023, Bitcoin surged to $95,000! Arizona takes the lead in betting on cryptocurrency; is this move a win or a loss?

Imagine a government vault in some state in the United States, no longer containing just dollars and gold, but with Bitcoin shining brightly! This is not a science fiction 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 funds to be allocated to cryptocurrencies. After this news broke, the price of Bitcoin instantly surpassed $95,000, with the market experiencing a frenzy leading to over 110,000 liquidations, and global attention focused on this new battlefield of 'digital gold'.

1. The government is taking the lead in buying Bitcoin; this move is too cool!