Czech Central Bank to Vote on €7B Bitcoin Investment; Utah and Arizona Lead US States in Crypto Adoption

The Czech Central Bank is set to vote on a €7 billion Bitcoin investment on Thursday, marking a significant step in the growing acceptance of cryptocurrencies by financial institutions. This move comes as several U.S. states, including Utah and Arizona, have been exploring the potential of investing in digital assets.

In Utah, a Bitcoin bill has successfully passed a crucial hurdle, receiving approval from the House Economic Development and Workforce Services Committee. This legislation paves the way for Utah to invest in Bitcoin and other digital assets, signaling a growing recognition of cryptocurrency within state economic frameworks. The bill now proceeds to the full House for further consideration, positioning Utah as a potential leader in digital asset investment.

Arizona, meanwhile, has taken a decisive step forward in its bid to become the first U.S. state to invest public funds in Bitcoin. The Arizona State Senate Finance Committee has passed a bill that would allow up to 10% of public funds to be allocated to virtual currencies. This legislation, if enacted, could also pave the way for pension funds to allocate resources to BTC, aligning with shifting generational preferences.

Experts believe that Arizona's move could trigger a domino effect, encouraging other states to follow suit in integrating digital assets into their financial policies. This development aligns with President Donald Trump's recent executive order directing the creation of a digital asset reserve, signaling a broader federal push toward blockchain integration.

However, market sentiment remains divided, with only a 16% probability of Trump creating a Bitcoin reserve in his first 100 days, according to Polymarket data. Despite this skepticism, industry experts believe that the potential nationwide approval of a U.S. Bitcoin reserve could have far-reaching implications for the crypto market, potentially driving BTC's price beyond the seven-figure mark within this cycle.