Florida lawmakers advanced an amended Bitcoin Strategic Reserve bill that now proposes allocating up to 10% of the state’s investable funds — potentially $15–20 billion from surplus and pension reserves — to Bitcoin as a “digital gold” hedge against inflation and currency debasement.
The revised legislation, led by Rep. Bradford Merrill and backed by Governor Ron DeSantis’ office, frames Bitcoin as a non-correlated, high-conviction store of value comparable to gold in traditional portfolios. Key updates include:
- Gradual purchases over 5–7 years via regulated custodians and spot ETFs
- Strict holding rules requiring legislative approval for any sales
- Annual audits and public on-chain transparency reports
- Explicit language positioning BTC as “digital gold” for long-term wealth preservation
Proponents argue the allocation would generate asymmetric returns for taxpayers while attracting crypto businesses to Florida’s already favorable regulatory environment. The bill has strong bipartisan support and is expected to reach a committee vote by late January, with potential enactment before the 2026 fiscal year.
Bitcoin price pushed briefly above $98,500 on the news before consolidating, with analysts noting increased search volume for “Florida Bitcoin reserve” and related treasury strategies. Other states are reportedly monitoring the outcome closely for similar proposals.
The story dominated crypto and political feeds starting January 11, with bill amendment texts, allocation projections, “digital gold” comparisons, and “Florida leads again” memes flooding timelines. Bitcoin advocates and state policy watchers are celebrating the ambitious scope.
#Crypto (8.5M posts in 24h) dominates global discussions with massive volume.
#Bitcoin (9.3M posts) trending worldwide on Florida reserve expansion.
#FloridaBitcoin (2.4M posts) surges in 10% allocation talks.
#CryptoNews (4.6M posts) buzzing with amended bill updates.
#BTC (6.2M posts) remains a top trend with huge activity.
#Blockchain (3.9M posts) thrives in state treasury debates.
#DeFi (4.6M posts) continues strong in digital gold narrative conversations.
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What’s your take — does Florida’s bold plan to allocate up to 10% of state funds to Bitcoin as “digital gold” set a visionary precedent for public treasuries, or is it an irresponsible gamble with taxpayer money in a volatile asset? Drop your thoughts below 👇