US Congressman Byron Donalds proposes establishing a Bitcoin reserve in Florida to combat inflation and counter federal monetary policy errors. In a recent interview Donalds emphasized Bitcoin’s reliability as a long-term value holder comparing it to gold due to its scarcity and appreciative history. He suggested funding the reserve with state surpluses instead of new taxes likening the strategy to how pension funds operate.

Highlighting the potential of Bitcoin Donalds criticized the Federal Reserve’s monetary policies pointing to their role in devaluing the US dollar. His vision involves Bitcoin as a core component of Florida’s financial arsenal ensuring economic stability and anticipating significant long-term appreciation similar to strategic oil reserves.

Donalds’ proposal is part of a growing trend across US states exploring Bitcoin as a reserve asset. With Pennsylvania and Texas leading the way Florida’s push under Donalds’ vision could herald a new era in state-level financial innovation particularly if he wins the upcoming gubernatorial race.