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Florida and the Bitcoin Strategic Reserve Florida is firmly cementing its position as a leader in Bitcoin adoption. The state is preparing to launch a strategic bitcoin reserve. The reserve could be approved during the legislative session in the first quarter of 2025. Why is this important? Florida has already invested in cryptocurrencies through its $185.7 billion pension fund, the fourth largest in the U.S. The initiative proposes to allocate 1% of this fund ($1.857 billion) to Bitcoin. Additionally, it is proposed to use part of the state's $116.5 billion budget surplus, which would provide another $1.16 billion for cryptocurrency. Key players of the initiative Samuel Arms , president of the Florida Blockchain Business Association (FBBA), emphasizes the importance of investing in cryptocurrency to strengthen the state's economic position. Jimmy Patronis , Florida's chief financial officer, notes that cryptocurrency has already proven its value, with the state's current investment amounting to $800 million. Political support Governor Ron DeSantis , known for his pro-Bitcoin stance, has been actively pushing legislation to foster crypto innovation. His opposition to central bank digital currencies (CBDCs) and emphasis on financial freedom make Florida an epicenter of crypto reform. Global context Florida's plans resonate with national initiatives by Donald Trump, who has previously announced his intention to create a national Bitcoin reserve and support domestic mining. What does this mean for the industry? The creation of a strategic reserve of bitcoins could set a new standard for states and even countries. Stable investment in cryptocurrencies at the government level increases trust in blockchain technologies and expands the possibilities for their use.