Florida Proposes Bitcoin Reserve in Public Funds

Florida is pushing forward with a bold plan to allocate a significant portion of its public funds into Bitcoin and other digital asset investments. The proposal, detailed in House Bill 183, envisions setting aside up to 10% of the state’s public funds for exposure to cryptocurrencies. This unprecedented move from Florida marks one of the largest such allocations by any U.S. state treasury. The goal is to leverage Bitcoin as a hedge against inflation and potentially increase liquidity in the growing crypto market. ]