{"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":"

Samuel Armes, President of the Florida Blockchain Business Association (FBBA), shared<\/a> <\/strong>his optimism about the state\u2019s chance of establishing a Bitcoin<\/a> <\/strong>reserve as early as the first quarter of 2025.<\/p>\n

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

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