Arizona has moved closer to adopting Bitcoin as a treasury asset with the passage of two bills in its legislature. Senate Bill (SB) 1025 and SB 1373 instruct the state to explore the feasibility of adding Bitcoin to its reserves, which would make Arizona the first state to do so. Key advocate Senator Wendy Rogers emphasizes Bitcoinâs long-term value and its potential as an inflation hedge. Despite past challenges in passing Bitcoin-related legislation, this latest initiative signals a strong push toward cryptocurrency at a state level.
"I do not have any concerns about the volatility of bitcoin simply because if you zoom out on all of the charts, it always increases in value."
Bitcoin is a "hedge against inflation," reflecting the growing popularity among politicians about Bitcoin's important role in today's challenging economic environment.
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