Florida Proposes Investing Public Funds in Bitcoin

Florida is exploring a bold move, proposing to invest public funds in Bitcoin. This proposal, scheduled for a hearing on April 10th, could make Florida the first U.S. state to officially embrace Bitcoin as part of its financial strategy. The bill would allow certain state-managed funds, such as pension plans, to include Bitcoin as an investment option. While not a complete conversion of all public funds, it opens doors for allocating portions of reserves or pensions toward the cryptocurrency.