Florida Considers Significant Bitcoin Investment Plan 🏦
In an ambitious proposal, Florida Senator Joe Gruters has introduced a bill that could potentially transform the state's investment strategy by incorporating Bitcoin. The bill, identified as SB 550, recommends that up to 10% of the state's General Revenue Fund, Budget Stabilization Fund, and other trust funds be allocated for Bitcoin investments.
This move demonstrates a significant interest in adopting cryptocurrency within state-level investment portfolios, igniting discussions on the implications for public fund management.
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