Florida Bitcoin Reserve Set for Launch in 2025; Details
In a significant milestone for the cryptocurrency industry, the reserve of Bitcoin of Florida is ready for its imminent launch. In a anúncio Official recently shared, Samuel Armes, president of the Florida Blockchain Business Association (FBBA), informed about the state’s plans to create a strategic Bitcoin reserve in Florida by 2025.
“Florida will launch a strategic Bitcoin reserve. Florida has a very good chance of creating a strategic Bitcoin reserve in this session, which begins in the first quarter of 2025,” he announced.
Samuel Armes noted that Florida House Speaker Danny Perez and Senate President Ben Albritton helped push the Anti-CBDC Bill through Florida. “Both leaders are very pro-Bitcoin, especially Speaker Perez, who understands the technology very well. And of course, with Ron DeSantis as one of the most pro-Bitcoin governors in the United States, things are looking very good.”
In a post on social media platform X, Armes revealed some details about the state’s plan to implement a Strategic Bitcoin Reserve in Florida. The first point highlighted in the plan was to leverage the state’s $185,7 billion pension fund (the fourth largest in the U.S.) to allocate a small percentage to Bitcoin as a strategy to hedge against inflation.
“To be clear, Florida has already invested in Bitcoin and crypto-related assets through our pension fund. The pension allocates its funds to hedge funds, and some of those hedge funds have bought various stocks in the Bitcoin space (miners, MSTR, Coinbase as examples) while also buying liquid tokens. Just investing ONE percent of our pension fund in Bitcoin would be $1,857 billion.”
Additionally, Armes emphasized the strategy of using the budget surplus ($116,5 billion in fiscal year 2024-25) to make responsible investment in BTC without cutting essential services. “Florida usually has a budget surplus because we are tough and a very well-run state (unlike the rest of you). But inflation and time will eat away at any budget surplus we have. Investing just ONE percent of our surplus would be $1,165 billion. My organization will be pushing hard for this, along with about three other pro-Bitcoin bills this legislative session.”
Michael Saylor calls for US to establish Bitcoin reserve
Former MicroStrategy CEO Michael Saylor commented , in a recent interview, about the potential for creating a Bitcoin Strategic Reserve for the US. US President-elect Donald Trump had already stated during his candidacy that if he were re-elected he would designate Bitcoin as a strategic reserve asset in the country.
Saylor expressed optimism about the pro-crypto candidate’s victory in the US, calling for a new framework to be established in the country regarding the sector, highlighting low regulation and pro-innovation. This new stance would aim to boost the industry under the next administration. During the interview, the former CEO of MicroStrategy made strong calls for the creation of a Bitcoin reserve for the US.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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