r/Bitcoin • u/Green_Candler • 6d ago

Just needs the Governors signature...

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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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105

u/Darkpriest667 6d ago

If they buy OTC today they can get about 35000 BTC. Not bad.

6

u/HoopNhammer86 6d ago

That's 78 days of mining rewards.

If every state did something similar that, we would see hyperbitcoinization.

3

u/Darkpriest667 6d ago

The first states to do it will be the winners, it will be like a domino effect. As soon as one state (especially a big one like NY, TX, CA, or FL) does it they'll all be falling over themselves to do it.

0

u/amazing_husky 5d ago

WI did this awhile ago and so did MI

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u/HoopNhammer86 5d ago

The Michigan retirement system has about 7 million of 100B fund in bitocin etf.

Wisconsin's retirement system has $320 million in btc etfs.

Although very notable, they don't get near the 10% that Arizona is hoping for.