Florida, USA, has taken new steps regarding cryptocurrency policies. This time, they are considering establishing a Bitcoin strategic reserve—allowing the state government to allocate up to 10% of public funds to Bitcoin and Bitcoin ETF products.
This is no small matter. From El Salvador listing Bitcoin as legal tender to US state governments considering strategic reserves, what changes can we observe? Sovereign funds' attitude towards Bitcoin is quietly shifting. It's not about speculation but viewing it as a long-term asset.
Florida's approach indicates, on one hand, that institutions and governments are increasingly recognizing Bitcoin's stability; on the other hand, if implemented, large-scale capital inflows are inevitable. What does this mean for the entire market? Increased liquidity, a thicker price support surface, but competition will also intensify.
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TrustlessMaximalist
· 3h ago
Oh my, the US is also going to build reserves. Now El Salvador won't be lonely anymore.
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BearMarketLightning
· 01-08 12:20
This move in Florida seems aggressive but is actually conservative. The 10% reserve is essentially testing the waters, and the real big funds haven't moved yet.
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SchrödingersNode
· 01-08 12:06
Oh my, even US state governments are starting to copy the work. This time, it's really different.
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MysteryBoxBuster
· 01-08 12:01
If this move in Florida truly materializes, the institutional buying spree might really be coming. It sounds like these folks finally understand that Bitcoin is not a gambling chip.
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MissedAirdropAgain
· 01-08 12:00
This move in Florida is truly different. The government-level recognition that Bitcoin is an asset has arrived, and this is a signal of institutional entry.
Florida, USA, has taken new steps regarding cryptocurrency policies. This time, they are considering establishing a Bitcoin strategic reserve—allowing the state government to allocate up to 10% of public funds to Bitcoin and Bitcoin ETF products.
This is no small matter. From El Salvador listing Bitcoin as legal tender to US state governments considering strategic reserves, what changes can we observe? Sovereign funds' attitude towards Bitcoin is quietly shifting. It's not about speculation but viewing it as a long-term asset.
Florida's approach indicates, on one hand, that institutions and governments are increasingly recognizing Bitcoin's stability; on the other hand, if implemented, large-scale capital inflows are inevitable. What does this mean for the entire market? Increased liquidity, a thicker price support surface, but competition will also intensify.