Arizona lawmakers have taken a bold step forward with the advancement of a groundbreaking Bitcoin reserve bill. The Strategic Bitcoin Reserve Act (SB1025), co-sponsored by Senator Wendy Rogers, cleared the State Senate Finance Committee on Jan. 27 with a 5-2 vote. This bill aims to allow public funds and pensions to invest up to 10% of their capital in Bitcoin and other digital assets, setting Arizona apart as a leader in cryptocurrency innovation.
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Bitcoin Modernizes Pension Strategies
The bill could also modernize pensions by enabling funds to hold Bitcoin. According to Cointelegraph, as many as 20% of Gen Z and Alpha respondents are open to receiving pensions in cryptocurrency, showing a shift toward alternative financial strategies. Blockchain expert Anndy Lian believes Arizona’s decision could inspire other states, like Texas and Pennsylvania, to pursue similar initiatives.
Bitcoin Reserve Sparks Federal Excitement
Arizona’s proposal is part of a broader national conversation. Other states, including Wyoming and Ohio, are exploring Bitcoin reserves, encouraged by President Trump’s pro-crypto stance. Adam Back, CEO of Blockstream, suggests federal approval of a Bitcoin reserve could push prices as high as $1 million, while experts like Anastasija Plotnikova believe institutional adoption would legitimize Bitcoin as a financial asset.
At the time of writing, Bitcoin is sitting at $102,545.79.
