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Arizona Doubles Down: Becomes Second US State to Hoard Bitcoin in Treasury Reserves
Arizona Doubles Down: Becomes Second US State to Hoard Bitcoin in Treasury Reserves
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Move over gold—Arizona just joined the growing list of states betting big on Bitcoin as a treasury asset. The Grand Canyon State’s latest play follows Ohio’s lead, marking a domino effect of institutional crypto adoption at the state level.
Why it matters: When governments start stacking sats, Wall Street’s ’too volatile’ narrative starts looking shaky. Arizona’s treasury now holds an undisclosed amount of BTC, hedging against inflation while traditional portfolios bleed.
The kicker? This isn’t just diversification—it’s a middle finger to the Fed. As central banks print money like Monopoly notes, states are quietly building their own digital fortresses. Bonus jab: Your 401(k) manager still thinks Bitcoin’s a ’fad.’
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