BTC supply becomes a must. While the newly elected President of the United States Donald Trump and a Republican senator Cynthia Lummis intending to introduce a strategic reserve in Bitcoin (BTC) for the countrySome states are also considering establishing such crypto-reserves at their own level. That is, the state Florida he would like to have his strategic bitcoin reserve from 1ahem quarter 2025.
- Donald Trump and Cynthia Lummis have considered creating a national strategic bitcoin reserve for the US, giving the same idea to states.
- Florida would be on the verge of establishing its own strategic bitcoin reserve as early as the first quarter of 2025, thanks to the support of pro-crypto political leaders.
Florida “already has Bitcoin” but would like to build a nice reserve
Good news of the day for bitcoin likereserve asset he is coming to us Samuel Armescompany president Florida Blockchain Business Association (FBBA). He actually explains on his account X that he believes that the state Florida it will be very soon” launch a strategic bitcoin reserve “.
Samuel Armes even thinks it could be done during ” first quarter of 2025 “. If he has this conviction, it is because several high ranking politicians they are from Florida openly pro-crypto (especially the presidents of the two parliamentary chambers of the state):
“The Speaker of the House of Representatives (house) State of Florida Danny Perez and Senate President Ben Albritton helped push our anti-MNBC law in Florida.
Both leaders are very supportive of Bitcoin, especially (…) Danny Perez, who understands this technological advancement very well.
And of course, with Ron DeSantis as one of the most pro-bitcoin governors in the United States, things are looking pretty good. »Samuel Armes, president of the Florida Blockchain Business Association
Bitcoin is gradually becoming an essential global reserve asset
This political optimism is further bolstered by the fact that Florida “has already invested in bitcoins and assets linked to cryptocurrencies, through his pension fund ”, as Samuel Armes explains.
FBBA president discusses Florida optioninvest in Bitcoin “it can be thatONE percent » both of them pension fund of the state and its budget surpluses. This symbolic percentage would represent 1.857 billion dollars for the pension fund and $1.165 billion for budget surpluses.
That’s a little more than that 3 billion dollars invest in the king of cryptocurrencies. On BTC price at the time of writing ($98,000) this would represent v 30,612 BTC !
Florida actually is second The countries of the country seriously considered establishing their own strategic BTC reserve. In fact, it wasn’t that long ago that they were state legislators Texas Debates Strategic Bitcoin Reserve. The year 2025 is already approaching very promising for the leader in cryptoassets and reach $100,000 per BTC maybe he wasn’t just the first step. Especially if several wealthy US states start buying large amounts of Bitcoin to build up their reserves.