Bitcoin Price is getting such huge attention right now. There are many people who continuously hoping that Bitcoin (BTC) may get back in the upward trend again. As per the news, the Arizona Bitcoin Bill is here which can help BTC to get some recovery in the price. As per the latest headlines, Arizona introduced a bill to make Bitcoin a leag tender. Hopefully, after this news, we have observed a small hike in the NTC price. Let’s discuss the news here and talk about the complete detail.
When the news went viral on the internet that Arizona is going to bring a bill on Bitcoin to make it a legal tender. There was a small surge in the price. After this news, BTC moved to hit the $40,000 again. Hopefully, BTC will hit this value soon in the next few hours.
Arizona Introduced Bill to Make Bitcoin a Legal Tender
Talking about the Arizona Bitcoin bill then we want to tell you that Senator Wendy Rogers has introduced a bill proposing to make bitcoin a legal tender in the U.S. state of Arizona. It will bring some special laws which will make it a lawful medium of exchange. Also, it will allow citizens to pay debts, public charges, taxes and dues with BTC. Most probably, it may be a drastic turn in the bitcoin journey.
No doubt if the bill is successfully implemented then we will be able to see a massive surge in the BTC value. Even other countries will also take good steps over Cryptocurrency. Previously, in September El Salvador became the first country which makes Bitcoin a legal and lawful currency. That time President Nayib Bukele presented a bill over BTC.
“The bill says “Bitcoin” specifically rather than cryptocurrency in general, and doesn’t mention any other digital currency besides the first and only P2P system that managed to trustlessly solve the double-spending problem of digital cash.”
If Bitcoin will be a legal tender after this bill then people will be able to do many things through BTC. Also, it may help holders to use BTC to pay their expenses. No doubt it will bring many more opportunities for BTC use around the country. For further related updates, you can bookmark the page.