{"id":144121,"date":"2024-12-06T16:00:24","date_gmt":"2024-12-06T14:00:24","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=144121"},"modified":"2024-12-06T13:45:48","modified_gmt":"2024-12-06T11:45:48","slug":"one-more-u-s-state-wants-to-add-bitcoin-to-its-reserves","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/one-more-u-s-state-wants-to-add-bitcoin-to-its-reserves\/","title":{"rendered":"One More U.S State Wants to Add Bitcoin to its Reserves"},"content":{"rendered":"<p>Samuel Armes, President of the Florida Blockchain Business Association (FBBA), <strong><a href=\"https:\/\/finance.yahoo.com\/news\/florida-could-launch-strategic-bitcoin-184019357.html\">shared<\/a> <\/strong>his optimism about the state\u2019s chance of establishing a <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a> <\/strong>reserve as early as the first quarter of 2025.<\/p>\n<p>Armes emphasized that the groundwork for this initiative is already in place, citing Florida\u2019s existing investments in Bitcoin and crypto assets, including its pension fund. The state\u2019s $185.7 billion retirement fund, which ranks fourth largest in the U.S., could allocate a portion to Bitcoin as an inflation hedge.<\/p>\n<p>Additionally, Florida\u2019s $116.5 billion budget surplus for fiscal year 2024-2025 could also be used for Bitcoin investments without impacting essential services.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/standard-chartered-predicts-bitcoin-could-reach-200000-by-the-end-of-2025\/\" title=\"Standard Chartered Predicts Bitcoin Could Reach $200,000 by the End of 2025\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/03\/image1-2-6-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Standard Chartered Predicts Bitcoin Could Reach $200,000 by the End of 2025<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Armes revealed that he and his organization are advocating for this bill, alongside other pro-Bitcoin legislation, in the upcoming session. The state\u2019s proactive stance on Bitcoin investment is poised to further its position as a leader in blockchain adoption.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Florida is moving forward with plans to potentially include Bitcoin (BTC) as part of its state reserves, with discussions centered around 2025.<\/p>\n","protected":false},"author":7,"featured_media":139409,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-144121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>One More U.S State Wants to Add Bitcoin to its Reserves<\/title>\n<meta name=\"description\" content=\"Florida is moving forward 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