Key Takeaways
- Florida gubernatorial candidate Byron Donalds wants bitcoin in the state's portfolio.
- He sees bitcoin as a store of value that could help Florida navigate economic challenges.
- Donalds' proposal aligns with Miami’s push to become a global financial hub for digital assets.
Florida Congressman and gubernatorial candidate Byron Donalds has expressed his support for integrating bitcoin into the state’s financial portfolio, signaling a potential shift in state-level investment strategy.
Vision for Florida
Donalds said in a recent statement:
Big thing, Florida will become the financial hub of the world, not just America. Digital assets have really found a home in Miami-Dade. We want to build upon that framework.
Economic resilience
Donalds emphasized bitcoin’s role as a store of value, stating that incorporating it into Florida’s balance sheet could help the state weather future economic challenges.
Endorsement & speculation
Michael Saylor, co-founder of MicroStrategy and a prominent bitcoin advocate, shared the statement on X, highlighting Trump’s endorsement of Donalds’ candidacy.
Trump-endorsed candidate for Florida Governor, @ByronDonalds, would like to add Bitcoin to the state's portfolio.pic.twitter.com/7PuiFLcXJt
— Michael Saylor⚡️ (@saylor) March 5, 2025
The announcement has fueled speculation that Florida could become the first U.S. state to officially hold bitcoin as part of its reserves.
Growing recognition
Donalds’ remarks come as bitcoin gains increasing recognition among policymakers, with former presidential candidate Vivek Ramaswamy also promoting the idea.
The proposal aligns with Miami’s ongoing efforts to establish itself as a digital asset hub, a vision championed by former Miami Mayor Francis Suarez.
Strategic asset consideration
If implemented, Florida would join a growing list of jurisdictions considering bitcoin as a strategic asset.
