The Arizona House will vote on the Bitcoin Reserve Bills SB1373 and SB1025, championed by Senator Wendy Rogers and State Representative Jeff Weninger. These bills seek to establish Arizona as a leader in cryptocurrency investments.
If adopted, the bills would enable the allocation of up to 10% of state assets in Bitcoin and cryptocurrencies, significantly increasing the government’s demand for Bitcoin.
BTC is presently valued at 93,819.29 USD, with a market cap of around 1.86 trillion USD and a market dominance of 63.45%. It has experienced a 7.71% recovery in the past week despite an overall decline of 8.80% over the last 90 days.
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