BITCOIN - Florida has announced a plan to invest $1.85 billion of its pension fund into Bitcoin. The decision, involving the fourth-largest pension fund in the United States (valued at $185.7 billion), highlights the growing interest among institutions in adopting Bitcoin.
The initiative, strongly supported by the Florida Blockchain Business Association (FBBA), calls for allocating 1% of the pension fund to Bitcoin, aiming to diversify the portfolio and ensure strategic exposure to the digital asset market.
Samuel Armes, president of the FBBA, emphasized that this move could serve as a model for other U.S. states.