The Breakdown

Arizona Drives Ahead with Bitcoin Reserve Bill

Apr 30, 2025
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INSIGHT

Arizona's Bitcoin Reserve Bill Progress

  • Arizona became the first state to pass a Bitcoin Reserve Bill allowing up to 10% investment, mainly in Bitcoin.
  • The bill's challenge is Governor Katie Hobbs' approval amidst political opposition.
INSIGHT

Bullish Bitcoin Price Prediction

  • Standard Chartered analyst Jeff Kendrick says it's a great time to buy Bitcoin with indicators pointing to an upswing.
  • Kendrick predicts Bitcoin could reach $120,000 this quarter and $200,000 by year-end.
INSIGHT

Institutional Bitcoin Demand Rises

  • Bernstein notes growing corporate and institutional Bitcoin accumulation is strong enough to push prices to new highs in 2025.
  • Bitcoin ETFs now hold 5.5% of supply, with around 33% of ETF shares held by institutional investors.
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