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Arizona Goes Full Bitcoin Standard—State Treasury Now HODLs Crypto Reserves
Arizona Goes Full Bitcoin Standard—State Treasury Now HODLs Crypto Reserves
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Arizona just rewrote the playbook for state finances—passing legislation to hold Bitcoin in its treasury reserves. Move over, gold—digital assets just got a government stamp of approval.
Key details: The Strategic Bitcoin Reserve bill mandates Arizona to allocate 1-3% of state funds into BTC, making it the first US state to treat cryptocurrency like sovereign wealth. No more waiting for ETF approvals—this is direct exposure.
Why it matters: When the next crypto winter hits, Arizona taxpayers will discover the hard way that volatility cuts both ways. But for now—score one for the laser-eyed bitcoiners.
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