By positioning Bitcoin as "digital gold", I think Florida wants to diversify its portfolio and lead in blockchain adoption. This action follows what has been done in Arizona and Wisconsin, both show that cryptocurrencies can complement traditional investment tools and drive economic leadership. Bringing Bitcoin into the state's reserves could really put Florida on the map for blockchain tech, attracting talent and investments, and helping to onboard more people into using digital assets. These moves show the state is all in on keeping up with the changing financial scene.
Topic: Florida Discusses Introducing Bitcoin Reserves in 2025. (Read 70 times)
It would be a bold move if pension funds or companies decided to allocate 1% to 10% of profits in Bitcoin and consider it a long-term investment. So far I have not heard of any moves in this direction from sovereign funds here but I expect this to be the news that could lead us to reach $150k.
I read that some pension funds actually invested money in Bitcoin. Managers of pension funds start to add Bitcoin into their Pension Fund Investment Portfolios but with small proportional weight. They perhaps want to try first, assess results and will consider to increase Bitcoin weight in their portfolios.First UK pension fund invests in Bitcoin.
USA State pension funds and Bitcoin investment.
In Canada, you have this Pension funds explore crypto investments.
Quote
Canadian pension fund manager Caisse de dépôt et placement du Québec (CDPQ) had invested $150 million into Celsius in October 2021 — less than a year before the crypto lender filed for bankruptcy the following July.
The Ontario Teachers’ Pension Plan Board said in November 2022 that the fund it was overseeing had invested $95 million in Bahamas-based FTX and the exchange’s US subsidiary through its venture arm, Teachers’ Venture Growth (TVG).
The Ontario Teachers’ Pension Plan Board said in November 2022 that the fund it was overseeing had invested $95 million in Bahamas-based FTX and the exchange’s US subsidiary through its venture arm, Teachers’ Venture Growth (TVG).
all central banks on the planet have to declare any bitcoin holdings by january 2025
and the can only BUY crypto to a total of 2% of their fiat reserves, and if the price increases to represent 5% of their fiat reserves they have to start selling coin to keep value stored as coin below 5%
so expect many more central banks disclosing crypto holdings soon enough
and the can only BUY crypto to a total of 2% of their fiat reserves, and if the price increases to represent 5% of their fiat reserves they have to start selling coin to keep value stored as coin below 5%
so expect many more central banks disclosing crypto holdings soon enough
It would be a bold move if pension funds or companies decided to allocate 1% to 10% of profits in Bitcoin and consider it a long-term investment. So far I have not heard of any moves in this direction from sovereign funds here but I expect this to be the news that could lead us to reach $150k.
If the organizations decide to move some of their pension funds to bitcoin, it is a process that must be done out of option. Although the organizations will also need to start by understanding the financial implications that come with such bold step and weigh it with the benefits that will follow thereafter.
Secondly, the organizations will need the by-in of the workers or pensioners involved if there funds will be allocated to bitcoin then go further by tutoring the enrollees the benefits attached to investing in Bitcoin to avoid occupational conflicts between the workers and the management in the short and long-term. Ultimately, I think it's a very good idea to explore and the organizations should work towards conceptualization of these ideas.
It seems a day will soon come, where no Bitcoins will be available for the common people like us in the market and all of the supply will be eaten by Corporates and governments.
People don't realize the potential that Bitcoin has. It has been rising since the day it was created and still, billions of people are hesitating to invest a single dollar into Bitcoin. Does that make sense? No, that doesn't. There is still a time to buy Bitcoin at discount because yes, 100K is not its all time high price, there will be much better records.It's not just Florida, even some countries are planning to introduce a national Bitcoin reserve after it has reached 100k.
I think that at this point, it's easy to predict that Bitcoin will become a part of reserve for many countries. We should own as many Bitcoins as possible to make it expensive for them to buy because if countries invest it and make it their reserves, they won't sell it for a low price. 
It would be a bold move if pension funds or companies decided to allocate 1% to 10% of profits in Bitcoin and consider it a long-term investment. So far I have not heard of any moves in this direction from sovereign funds here but I expect this to be the news that could lead us to reach $150k.
If Florida manages to include Bitcoin in its state reserves, it could trigger a revolution, not just for BTC! It might pave the way for broader adoption of altcoins. Bitcoin would be the "trojan horse," but once in, other coins might follow. And who knows, maybe in a few years we'll be celebrating "Ethereum Day" as a national holiday... or maybe a "Solana Saturday"! hahah 
Do you consider BTC to be an alt?
Can't see the reserves for ETH and others being created, too early for that.
It seems a day will soon come, where no Bitcoins will be available for the common people like us in the market and all of the supply will be eaten by Corporates and governments. It's not just Florida, even some countries are planning to introduce a national Bitcoin reserve after it has reached 100k. While it will increase the flow of legitimate money into the market, it will also shrink the supply. You may be then forced to buy Bitcoin price linked investment assets if you want to enjoy the benefits of its price increase. Not good from the perspective of a common man.
However, such kind of initiatives may prompt the US government to bring in some people friendly Bitcoin policies into the market to benefit all. The hope is really high after Trump's victory.
However, such kind of initiatives may prompt the US government to bring in some people friendly Bitcoin policies into the market to benefit all. The hope is really high after Trump's victory.
Buy the sats while you can, that's the clear conclusion from that.
But I think these days are not that close to us when the BTC won't be available for the common man so to speak - after all, we need to use what we see in front of us, and these are only the news we are talking about currently, with no clear trend of such events happening.
If Florida manages to include Bitcoin in its state reserves, it could trigger a revolution, not just for BTC! It might pave the way for broader adoption of altcoins. Bitcoin would be the "trojan horse," but once in, other coins might follow. And who knows, maybe in a few years we'll be celebrating "Ethereum Day" as a national holiday... or maybe a "Solana Saturday"! hahah
It seems a day will soon come, where no Bitcoins will be available for the common people like us in the market and all of the supply will be eaten by Corporates and governments. It's not just Florida, even some countries are planning to introduce a national Bitcoin reserve after it has reached 100k. While it will increase the flow of legitimate money into the market, it will also shrink the supply. You may be then forced to buy Bitcoin price linked investment assets if you want to enjoy the benefits of its price increase. Not good from the perspective of a common man.
However, such kind of initiatives may prompt the US government to bring in some people friendly Bitcoin policies into the market to benefit all. The hope is really high after Trump's victory.
However, such kind of initiatives may prompt the US government to bring in some people friendly Bitcoin policies into the market to benefit all. The hope is really high after Trump's victory.
Florida Considers Including Bitcoin in State Reserves by 2025.
New York - By Jae-Hyung Park, Special Correspondent: The state of Florida is discussing plans to include Bitcoin (BTC) in its state reserves by 2025, aiming to fortify its leading position within the blockchain industry.
According to foreign media reports on the 6th (local time), Samuel Armes, President of the Florida Blockchain Business Association (FBBA), expressed optimism about the possibility of establishing Bitcoin reserves by the first quarter of 2025. Armes highlighted that groundwork for this plan is already underway, citing existing state investments in Bitcoin and other cryptocurrency assets as its foundation.
Florida's $185.7 billion pension fund ranks as the fourth-largest in the United States. Armes mentioned the potential allocation of a portion of this fund to Bitcoin as a hedge against inflation.
Additionally, it is noteworthy that part of the state's $116.5 billion budget surplus for the 2024-2025 fiscal year could be directed towards Bitcoin investments. This investment strategy would be pursued in a manner that does not impact core public services.
Armes stated that he plans to proactively propose pro-Bitcoin legislation, including the Bitcoin reserve bill, to the Florida legislature. These efforts underscore the state government's determination to establish Florida as a leading region for blockchain technology and cryptocurrency adoption.
Source.
https://www.google.com/amp/www.eblockmedia.com/news/articleViewAmp.html%3fidxno=8437
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