Reported about 9 hours ago
Florida gubernatorial candidate Byron Donalds suggests establishing a Bitcoin reserve for the state treasury, aiming to safeguard its long-term financial health amidst concerns about federal monetary policy. He believes Bitcoin, comparable to gold, can hold value and help counteract the dollar's devaluation due to excessive money printing. While details on funding the reserve are yet to be finalized, Donalds envisions it as a strategic asset similar to state pension funds, aligning with a growing trend among several states considering Bitcoin as a reserve asset.
Source: YAHOO