#ArizonaBTCReserve I do not mention the price!!!

The price volatility of Bitcoin is a double-edged sword: it offers the potential for significant profits but also carries the risk of serious losses. With a public investment, Arizona needs to have a strict 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 into 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 could adopt a “hodl” strategy (holding for the long term) to mitigate the impact of short-term volatility.

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