CandleFocus Florida governorship candidate proposes state Bitcoin reserve amid inflation concerns
2025-03-10
Author: Content Editor
US congressman and Florida gubernatorial candidate Byron Donalds has proposed that the state establish a Bitcoin reserve as a safeguard against inflation and federal monetary policy. Donalds argues that Bitcoin's historical price appreciation and its potential as a store of value make it a viable asset for long-term financial planning. He suggests that the reserve could be funded through existing state surpluses. This proposal follows similar moves by other states, including Pennsylvania and Texas, to allocate a portion of their funds to Bitcoin. While Florida has yet to take concrete steps, Donalds' proposal indicates a growing interest among policymakers in digital assets for financial planning.
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