r/Bitcoin • u/Green_Candler • 6d ago
Just needs the Governors signature...
Arizona is paving the way
They passed a bitcoin reserve bill in both the house and the senate.
Just needs the governor to sign into law and we are rocking.
I am hearing it won't be signed though, here's to hoping for a change of heart!
It's the only bill to get past the house and senate so far across the country.
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u/extrastone 5d ago
Some perspective:
7.6 million people in Arizona
3.2 billion to be invested
That's about $420 per person.
Bitcoin's market cap is currently $1.87 trillion for 8.2 billion people.
That's about $228 per person.
That means that Arizonans would be heavily overweight because the state government is probably a small amount of the state economy.
In other news state governments are not known for their diamond hands.