ArizonaBitcoin $79,984.07 He took an important step towards legalization of his reserve. The state senate is two separate Bitcoin He approved the law and sent it to the House of Representatives. The states such as Wyoming and Montana rejected similar offers due to Bitcoin’s high volatility.
Green light from Arizona to Bitcoin Reserve
Arizona SenateOn February 27, he approved the Strategic Digital Asset Reserve Law (SB 1373) with 12 votes to 17. The architect of the law Republican Senator Mark FinchemBitcoin and other in the state treasury crypto currencyforesees the possession of the s.
According to the law, the state reservoir will not be able to deposit more than 10 percent of the total deposits in each year. In addition, crypto currencies of the Treasury can be led within certain rules and additional income can be obtained in this way. However, this option should not pose any financial risk.
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Against Wyoming and Montana Bitcoin reserve
Unlike Arizona Wyoming And MontanaBitcoin does not look hot on the idea of creating a reserve. Authorities believe that the largest crypto currency is often exposed to harsh price fluctuations and that it is risky for public funds.
The high fluctuation in the crypto currency market also supports these concerns. As a matter of fact, Bitcoin lost 17 percent this week and fell below 80 thousand dollars and is estimated to decline to the $ 70-75 thousand band. Some economists Donald TrumpHe thinks that trade policies increase the uncertainty in the market by nurturing the uncertainty.
Michael Saylor, on the other hand, caused investors, “Hold Bitcoin in your hand, buy a kidney if necessary,” caused discussions. Saylor continues to defend the US official Bitcoin reserve.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
