#ArizonaBTCReserve

My take: States holding Bitcoin is a bold but risky move.

the volatility and lack of regulation around Bitcoin are serious concerns. Public funds—especially pension funds—have a duty to remain secure and predictable. A sudden market drop could put taxpayer money and retirements at risk. There’s also the ethical question of whether it's appropriate for governments to speculate with public money.

If Arizona’s move proves successful or even stable, yes—it could absolutely set a precedent. Other states may follow, especially those with large tech or crypto communities. But if the market turns south, it could be a cautionary tale instead.