Florida Joins State Bitcoin Reserve Push with First Committee Approval of HB 487
Portfolio Pulse from
Florida's House Insurance and Banking Subcommittee unanimously passed HB 487, allowing the state to invest up to 10% of select funds in Bitcoin through direct purchases, custodians, or regulated ETFs. This bipartisan move follows similar efforts in states like New Hampshire, signaling growing institutional interest in cryptocurrency as a potential state reserve asset.
April 11, 2025 | 3:00 pm
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POSITIVE IMPACT
Legislative efforts in Florida and New Hampshire to include Bitcoin in state funds could signal increased institutional confidence and potential price support.
State-level legislative moves to include Bitcoin in reserve funds indicate growing institutional acceptance, which could drive investor confidence and potentially increase Bitcoin's value.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90