5 Important Florida Bitcoin Bill Facts: Rp30 Trillion Investment is in the Spotlight of the Crypto Market!

Jakarta, Pintu News – Florida has once again stolen the spotlight in the global crypto industry after introducing a new bill that allows the state to keep Bitcoin (BTC) as an official cash reserve. The move makes Florida one of the pioneers among US states to start integrating digital assets into the government’s financial system.

With a potential investment value of up to US$1.85 billion or around Rp30.7 trillion (exchange rate US$1 = Rp16,585), this policy sparked widespread discussion regarding the benefits, risks, and future of cryptocurrency adoption by public institutions.

1. HB 183 Bill Officially Proposes Investment of Public Funds in Bitcoin (BTC)

According to a report by Cryptopolitan (2025), Florida officially filed House Bill 183 (HB 183), which allows the state’s CFO to invest up to 10% of public funds, including the General Revenue Fund and State Pension Fund, in digital assets such as Bitcoin (BTC).

The bill also defines digital assets to include Bitcoin, security tokens, and even non-fungible tokens (NFTs). These funds can be managed directly by the CFO, by a registered custodian, or invested in crypto-based ETFs registered with the SEC.

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2. Crypto Considered Alternative to Gold as a Hedging Asset

Bill HB 183 explicitly calls Bitcoin (BTC) a store of value, similar to the role gold has played over the years. This reflects the growing belief that cryptocurrencies can be a hedge against inflation and depreciation of fiat currencies.

Supporters of this proposal claim that diversifying a small portion (maximum 10%) of public funds into crypto can strengthen the country’s fiscal resilience. This is in line with a global trend where financial institutions are starting to consider Bitcoin as part of a long-term portfolio.

3. Florida Allows Tax Payment with Crypto

The bill also includes another innovative policy, allowing Florida residents to pay certain taxes and public service fees using crypto. According to the draft rules, such payments will be automatically converted to US dollars before being deposited into the state treasury.

This policy is expected to open the door to wider adoption of cryptocurrencies without having to disrupt the country’s financial accounting structure which is still based on fiat currency. It will also make it easier for people who are already active in the crypto ecosystem to interact with government services.

4. Florida Competes with Other States in the “Bitcoin Race”

Florida’s move follows in the footsteps of other states such as Arizona, New Hampshire, and Texas that have already passed similar laws in early 2025. Wyoming, Missouri, and Oklahoma have also submitted proposals, but most have not been passed.

According to industry observers quoted by Cryptopolitan, this trend indicates a competition between state and federal governments to be at the forefront of crypto and blockchain technology regulation. Florida is now set to cement its reputation as a crypto-friendly region.

5. Volatility risk a concern, but support remains strong

While the bill has a lot of support, some question the high volatility of Bitcoin as a major risk. Data shows that the price of Bitcoin (BTC) can fluctuate by more than 10% within a week, potentially threatening public funds.

However, supporters of the bill argue that risks can be minimized by limiting the investment portion and using legally registered crypto ETFs. They also believe that diversifying public assets into crypto could be a bold but wise future strategy.

Also Read: Michael Saylor’s Strategy: $27.2 Million Bitcoin Purchase Before the Crypto Market Crash

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Nellius Irene/Cryptopolitan. Florida pushes bill to create state Bitcoin reserve. Accessed on October 17, 2025