The Florida Legislature is exploring a significant change in state investment strategies, potentially allocating up to 10% of state and pension funds to Bitcoin and regulated Exchange Traded Funds (ETFs). This initiative, proposed by Rep. Webster Barnaby, aims to utilize Bitcoin as a hedge against inflation and capitalize on the growing crypto market. Florida’s decision aligns with increasing institutional adoption of cryptocurrency in government finance, marking a notable step forward in this arena. The State Board of Administration will oversee these allocations, potentially drawing inspiration from Florida’s existing substantial crypto-linked assets within its pension fund. This move could significantly influence national conversations surrounding the use of cryptocurrency in government finance. Beyond the immediate implications for state funds, the proposal holds potential to spur a larger wave of adoption among other states and serve as a blueprint for future legislation on this topic.