#ArizonaBTCReserve

Arizona is the first U.S. state to officially invest in Bitcoin, which may open the door for other states to take similar steps. This development reflects a shift in the perception of digital currencies, from speculative tools to strategic assets in government portfolios.

Impact on Bitcoin and markets:

Although Bitcoin did not experience an immediate rise following Arizona's announcement, this move may enhance institutional confidence in the digital currency. If the state invests the full allowable percentage (10%), it could inject around $3.14 billion into the market, potentially leading to a reduction in supply and an increase in demand, thereby supporting the price in the medium to long term. 

Will other states follow suit?

Arizona is part of a broader legislative wave in the United States, with states like Texas, Florida, and New Hampshire considering similar bills. Experts estimate that the approval of such laws by around 20 states could inject over $23 billion into the Bitcoin market, equivalent to purchasing approximately 247,000 Bitcoins, which represents more than 1% of the total supply.