#ArizonaBTCReserve I do not mention the price!!!

The volatility of Bitcoin is a double-edged sword: it brings great profit opportunities but also carries the risk of serious losses. With a public investment, Arizona needs to have a tight risk management plan, as any losses could directly affect the interests of the people and the financial stability of the state.

It should be considered not to allocate the entire 10% of the fund to Bitcoin but to diversify into other digital assets or traditional assets to reduce risk.

• Long-term investment strategy: Instead of short-term trading, the state can adopt a "hodl" strategy (hold for the long term) to reduce the impact of short-term volatility.

• Limit losses: Set stop-loss thresholds to protect the public fund if the price of Bitcoin drops sharply.