What Texas’ recent Bitcoin purchase signals to the rest of the US in a market downturn

Texas is now the first US state to purchase and hold Bitcoin, but why did it act during a market pullback, and how could this move influence national crypto policy?
Source: What Texas’ recent Bitcoin purchase signals to the rest of the US in a market downturn (https://cointelegraph.com/news/texas-bitcoin-purchase-us-podcast?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)