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Peter Schiff Says Gold to $1M More Likely Than $1M BTC

Mark Brennan
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Peter Schiff Says Gold to $1M More Likely Than $1M BTC

The long-running rivalry between gold and Bitcoin is heating up again.

Financial commentator Peter Schiff recently claimed that gold is more likely to hit $1 million than Bitcoin. His remarks, shared on X, arrive just as the cryptocurrency market faces renewed turbulence following months of record highs.

Bitcoin Sharp Pullback Fuels Schiff Criticism

Bitcoin, the world’s largest crypto, has seen a notable downturn since early October. The token has dropped over 16% since hitting an all-time high of $126,080 on October 6, 2025.

Meanwhile, Schiff noted that Bitcoin has lost roughly 32% of its value relative to gold since August. The long-time Bitcoin skeptic warned investors that a “brutal bear market” may be underway. He went on to urge them to shift funds toward physical gold, calling it “real money” and a more stable store of value.

Gold Rallies Amid Economic Anxiety

As Bitcoin retreats, gold prices are soaring. Spot prices briefly surpassed $4,300 per ounce today, marking a new record and underscoring the metal’s safe-haven appeal.

Market analysts attribute this rally to renewed concerns in the global banking sector and mounting geopolitical uncertainty. As a result, investors have shown a stronger preference for safe-haven assets.

For Schiff, the surge is vindication. He argues that the global economy is entering a “de-bitcoinization phase”. In this supposed transition, investors are rediscovering trust in time-tested hedges such as gold.

He maintains that Bitcoin’s volatility undermines its status as a reliable store of value. Consequently, he contends that only gold can serve as a hedge against inflation and monetary instability.

Ex-Binance CEO Responds to Schiff Remarks

Schiff’s latest comments prompted immediate responses from prominent figures within the cryptocurrency sector.

Changpeng Zhao (CZ), the former CEO of Binance, addressed the comments on X with measured irony. He remarked that investors “should have listened to Schiff two months ago, just once in Bitcoin’s sixteen-year history, approximately one percent of the time.”

CZ emphasized that despite temporary setbacks, Bitcoin has appreciated from $0.004 to more than $110,000 since its inception. This trajectory underscores a level of performance unparalleled among traditional assets.

He acknowledged that gold may experience short-term outperformance. Even so, he maintained that Bitcoin’s fixed supply and growing institutional adoption ensure its long-term resilience.

Several analysts endorsed this view, noting Bitcoin’s recent drop reflects typical cyclical corrections rather than a prolonged bear market.

Who Reaches $1 Million First?

While Schiff insists gold could one day be worth $1 million per ounce, major crypto advocates are making the same prediction for Bitcoin. Many in the crypto world believe BTC will even hit that mark first.

Pavel Durov, founder of Telegram, recently told the Lex Fridman Podcast that he believes Bitcoin will “eventually” reach $1 million.

Similarly, Arthur Hayes, co-founder of BitMEX, expects the milestone by 2028, while the Gemini co-founders, Cameron and Tyler Winklevoss, express similar optimism.

Coinbase CEO Brian Armstrong has forecast a $1 million valuation by 2030, and Eric Trump expressed the same conviction during the Bitcoin MENA Conference in Abu Dhabi last year.

Overall, these competing forecasts reveal the widening ideological divide between traditional and digital asset believers. One side trusts in centuries-old values, the other banks on technology-driven scarcity.

Analyst Predicts When XRP Will Hit a New ATH, Citing Bitcoin’s $125K Peak

Sam Wisdom Raphael
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Analyst Predicts When XRP Will Hit a New ATH, Citing Bitcoin’s $125K Peak

A market commentator has predicted when he believes XRP and other altcoins could reach their all-time highs, citing the latest Bitcoin peak.

For context, Bitcoin (BTC) claimed a new all-time high of $125,725 on Oct. 5 following days of persistent price gains. Notably, after dropping to a floor price of $108,652 on Sept. 25, BTC staged a recovery, recording seven green days out of nine from Sept. 25 to Oct. 5. 

During this period, it broke the previous all-time high of $124,517 from Aug. 14, reaching the new peak above $125,000 on Oct. 5. Shortly after this milestone, pseudonymous market commentator Nathaniel Rothschild leveraged the Bitcoin price action to make a bold prediction for altcoins.

Timeline for XRP to Reach New ATH

In a post on X, Rothschild projected that if the $125,725 price was the new all-time high for Bitcoin, then XRP and other altcoins could reach their own respective all-time highs over the next three weeks. This commentary came up on Oct. 5, indicating that Rothschild expects a new XRP all-time high in the week starting Oct. 26. Currently, this is barely two weeks away.

For context, XRP’s current all-time high remains contested at press time. Specifically, some market participants insist that the altcoin has still not reached a new peak in this cycle, arguing that its all-time high was the $3.84 price from January 2018. CoinMarketCap data supports this claim.

Nonetheless, others suggest that XRP’s all-time high from January 2018 was $3.31. Chart data from multiple exchanges and TradingView backs this claim. If this is accurate, then XRP first claimed a new all-time high when it hit $3.4 in January 2025 and then hit another peak when it surged to $3.66 in July 2025.

In this scenario, Rothschild believes XRP has the potential to soar beyond the $3.66 peak over the next few days. With XRP currently changing hands for $2.22 at press time, down 20.73% over the past week, the altcoin would need to first recover the $3 psychological territory before eyeing a new all-time high.

How Feasible is This?

At the current price, XRP would need a 65% increase in less than two weeks to surpass the July 2025 peak. Interestingly, this is not completely out of reach for the asset. 

Notably, two weeks before it hit $3.66 by July 18, XRP traded for $2.22 on July 5. It took exactly 14 days for the asset to reach the $3.66 price from here, indicating that such a run is possible when the broader market is in a bullish phase. Despite this, there are no guarantees.

Right now, the market faces massive turbulence, with Bitcoin (BTC) and Ethereum (ETH) down 13.7% and 14% in the past two weeks. Importantly, Rothschild did not account for the unexpected Oct. 10 market crash, which has since pushed XRP to new lows. As a result, it is unclear if his outlook has changed.

Despite the current struggles, Rothschild has always been bullish on XRP. Three months back, he predicted a possible rally to $26, citing XRP’s price action against Bitcoin.

Here’s What Technical Indicators Suggest for Shiba Inu

Elendu Benedict
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Here’s What Technical Indicators Suggest for Shiba Inu

Technical indicators highlight strong sell signals for Shiba Inu amid price downtrend, suggesting further correction in the coming days.

Shiba Inu is down 8.5% in the past 24 hours, following a broader market capitulation. The meme coin has now added one more zero to its price, further expanding its decimals.

However, what could one expect from Shiba Inu in the coming days? Would its price continue to drop, or would a relief rally follow? Here’s what technical indicators predict.

Shiba Inu Technical Indicator Overview

Notably, most technical oscillators flash a neutral perspective for Shiba Inu, suggesting indecisiveness in the token’s price development. Of the 11 oscillators, 8 indicate neutrality, two suggest bearish trends, and just one is flashing a buy signal.

Specifically, major indicators like the Relative Strength Index (RSI) stay neutral. Weekly RSI 14 trends at 45.90, which is near equilibrium between the oversold from 30 and the overbought from 70. 

The indicator shows the magnitude of price change, suggesting that while prices have corrected considerably, the market is neither too strong nor too weak. Moreover, the RSI has followed the price trend and has not signaled a divergence.

Nonetheless, the Moving Average Convergence Divergence (MACD) has flashed a sell signal. It shows a bearish crossing between the MACD and the signal line, suggesting further bearish developments for Shiba Inu. The MACD histogram has also printed a red bar, confirming the potential downward price action.

Moving Averages and Possible Shiba Inu Downtrend Target

Furthermore, moving averages show a strong sell signal. Of the 15 indicators highlighted, just one is neutral, with the others all flashing bearish signs.

The 10-week to 200-week simple and exponential moving averages all suggest a downward spiral for Shiba Inu, as the token has fallen below all of them. This brings the summary of the technical analysis to a strong sell trend for Shiba Inu.

Shiba Inu Technical Analysis
Shiba Inu Technical Analysis

Meanwhile, if this is anything to go by, then Shiba Inu could correct further from here. How low can it go? Past analysis has identified possible targets if the meme coin turns out bearish as it is now.

For context, market watcher MMBTrader sees the support at $0.000006 as the last line of defense for SHIB. Notably, the token reached the low during its October 10 crash but rebounded heavily from there. At the current market price of $0.00000937, retesting the support level would result in a 36% decline.

Expert Tells Investors to Focus on XRP: Here’s Why

Lele Jima
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Expert Tells Investors to Focus on XRP: Here’s Why

Prominent analyst Ted Pillows highlights XRP among the next wave of cryptocurrencies that could rake in significant profits. 

The analyst revealed this in his recent investment strategy, suggesting that the next major opportunities in the crypto market revolve around altcoins with exchange-traded funds (ETFs).

In an X post, he shared a detailed list of crypto assets with existing or pending ETFs. Notably, XRP was among the assets mentioned, with Ted highlighting that its ETF status remains pending.

Other cryptocurrencies with pending ETF status in the list include Solana, Avalanche, Aptos, Chainlink, Dogecoin, Cardano, BNB, and Litecoin. In Ted’s view, XRP and the other altcoins awaiting ETF approvals hold the most promising potential because they could attract inflows from institutions once they go live.

Bitcoin and Ethereum Growth Fuels Bold Projections

Citing Bitcoin and Ethereum, which were approved for spot ETFs last year, most market analysts note that such products give the underlying assets mainstream legitimacy, institutional exposure, and enhanced liquidity, all of which typically drive price appreciation.

With the strong adoption of Bitcoin and Ethereum ETFs since last year, BTC surged to an ATH of $126,198 this month. Meanwhile, ETH broke its previous peak back in August. In contrast, other major tokens like XRP and Solana (SOL) lagged, with analysts attributing the disparity largely to the market impact of ETF availability.

Ted believes that XRP and other altcoins with pending ETF applications could experience significant gains once the SEC approves these products. As a result, he urged investors to prioritize coins with incoming ETFs ahead of potential approvals.

XRP ETFs

Notably, an XRP spot ETF went live in September after the SEC’s tacit approval of the REX-Osprey XRP ETF. Although the SEC has approved the REX-Osprey XRP ETF, the regulator has yet to rule on more than 10 other XRP ETF applications.

The decision, initially expected this month, has been delayed due to the ongoing U.S. government shutdown. Analysts believe the SEC will not issue its decision until the government is fully funded. However, it remains uncertain when this will happen.

XRP Plunges Over 7% in One Day

Meanwhile, like most crypto assets, XRP is still struggling to find its footing after experiencing one of the biggest downturns in recent times. On October 10, it plummeted to a multi-month low of $1.25 due to renewed tariff war between the U.S. and China.

Despite rebounding and climbing above $2.6, the downturn resumed again today. XRP is currently changing hands at $2.23, marking a decline of 7.21% over the past 24 hours.

Newsmax Launches $5M Crypto Reserve with Bitcoin and Trump Meme Coin

Zabi
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Newsmax Launches $5M Crypto Reserve with Bitcoin and Trump Meme Coin

Publicly traded media outlet Newsmax has announced plans to establish a digital asset treasury anchored in Bitcoin (BTC) and President Donald Trump’s meme coin (TRUMP).

The company’s board of directors approved the initiative this week, marking a strategic entry into the cryptocurrency sector.

According to the official announcement, Newsmax is set to invest as much as $5 million in Bitcoin and Trump Coin over the course of the next year. The company anticipates completing its first crypto acquisition in the near future. However, details on how it will fund the plan have not been disclosed.

CEO: Bitcoin Becoming the “Gold Standard” of Crypto

In a statement, Newsmax CEO Christopher Ruddy described Bitcoin as “fast becoming the gold standard of cryptocurrency”. He stated that adding it to the firm’s reserves would serve as an important marker of corporate growth and innovation.

Ruddy also expressed optimism about the inclusion of the Trump Coin. He suggested that its market performance might serve as a reflection of Donald Trump’s presidency, which he described as “impressive.”

Market Reaction and Share Performance

Following the announcement, Newsmax shares (NYSE: NMAX) fell about 4% on Thursday to $10.83, amid a broader market decline. However, after-hours trading saw the stock recover by 3.9%, according to Yahoo Finance.

Newsmax shares | Google
Newsmax shares | Google

Meanwhile, Bitcoin and TRUMP both saw declines in Friday trading. Bitcoin slipped 3.6% to $107,199, while the Trump-themed token fell 4.6% to $5.82. Notably, the meme coin is now down roughly 92% from its all-time high of $73.43, reached in January.

Comparison with Trump Media’s Crypto Strategy

Newsmax’s move follows a similar strategy by Trump Media & Technology Group, which earlier this year invested $2 billion in Bitcoin and related securities. That purchase made Trump Media one of the top ten publicly listed companies holding Bitcoin reserves. 

If Newsmax commits the full $5 million toward Bitcoin, it would acquire around 46 BTC, placing it outside the top 100 corporate Bitcoin holders, based on data from BitcoinTreasuries.net.

The World Is Sleeping on XRP, Expert Says

Abdulkarim Abdulwahab
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The World Is Sleeping on XRP, Expert Says

Crypto commentators believe the world is sleeping on XRP potential to disrupt the financial market, particularly amid Ripple’s latest entry into the $120 trillion treasury market.

This view emerged following Ripple’s $1 billion acquisition, which aims to change how businesses handle payments and liquidity. The move positions XRP to shake up corporate finance even further.

Ripple’s $1B Deal with GTreasury

On Thursday, Ripple announced it had acquired GTreasury, a leader in treasury management systems, for $1 billion. This deal opens the door to the massive $120 trillion corporate treasury market.

By integrating its blockchain technology with GTreasury’s platform, Ripple aims to enhance real-time payments, liquidity management, and global financial efficiency. Notably, these are areas where XRP could play a key role.

“Payments are the primary use case for crypto and blockchain,” CEO Brad Garlinghouse said. With Ripple’s technology helping businesses tackle inefficiencies and high costs in traditional systems, he added, “The opportunity is now, and we’re diving in.”

Indeed, Ripple’s acquisition marks a significant step in its mission to modernize global financial systems. The firm is tapping into the $120 trillion corporate treasury market to help businesses manage cash flow and liquidity and to unlock dormant capital.

Notably, GTreasury boasts over 40 years of experience in treasury operations. Combined with Ripple’s blockchain, it will allow businesses to move money instantly and manage assets more efficiently.

XRP and the Future of Digital Asset Integration

Specifically, Ripple plans to integrate its blockchain with GTreasury’s platform, allowing businesses to manage both traditional assets and emerging digital assets like stablecoins and tokenized deposits. This move supports Ripple’s goal of bringing digital assets into the corporate world at scale.

In his commentary on the announcement, software engineer Vincent Van Code stressed that this acquisition, together with Hidden Road, positions Ripple to bring crypto assets like XRP into the $120 trillion treasury market.

He added that Ripple doesn’t have to sell XRP directly to corporations. Instead, XRP could serve as the underlying infrastructure for efficient payments, allowing companies to benefit without directly engaging with the asset itself.

Analyst: “The World Is Sleeping on XRP”

Meanwhile, other commentators like Coach JV went further. He argued, “The world is sleeping on XRP [and] Ripple.”

His view suggests that despite its progress, Ripple and XRP are still underappreciated in financial circles. However, with moves like the GTreasury deal, Ripple’s influence in high-value markets is set to grow.

Ripple’s Future

Indeed, Ripple’s purchase of GTreasury is just one part of its strategy to transform global finance. In 2025 alone, Ripple has made three major acquisitions. They include Hidden Road, Standard Custody, and now GTreasury, all to strengthen its position as a leader in digital asset infrastructure.

Notably, GTreasury has an established client base of over 1,000 companies in 160 countries. In other words, Ripple is introducing blockchain technology to a vast network of corporations seeking better payment solutions and capital efficiency.

Cardano Falls Below Key Support, Here’s How Low ADA Could Go

Elendu Benedict
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Cardano Falls Below Key Support, Here’s How Low ADA Could Go

The predominant bearishness in recent Cardano price action has caused it to lose a key support, sparking speculations of further downside.

Like most other cryptocurrencies, Cardano is correcting massively. The blue-chip asset is down over 6% in the past 24 hours, as Bitcoin drops further to $107,000 and XRP slumps below $2.30.

Cardano Loses Support

Amid the ongoing bearishness, Cardano has lost a crucial support level at $0.66. A recent TradingView analysis highlighted this, as negative momentum dominates proceedings for Cardano.

The accompanying chart shows that Cardano has lost multiple support levels in recent days. After it failed to break above the resistance at $0.74 on Monday, it dropped below the $0.70 support on Wednesday. The bearish trend continued, currently pushing ADA below another support level at $0.66.

Cardano Loses Support
Cardano Loses Support

At the time of writing, ADA trades at $0.62 and is on course for its fourth consecutive daily red candle. This price point aligns with an earlier prediction from top analyst Dan Gambardello, who foresaw this bearish move following a lower trendline rejection last week.

Remarkably, the TradingView analysis highlighted that a drop below the $0.66 support would encourage further downsides to $0.60 and $0.57 in the coming days. At the current market price, this would represent another 3.8% to 8.6% correction.

Nonetheless, if ADA reclaims the $0.66 support, the cryptocurrency could see higher prices. The analysis suggests a rise to $0.69 and $0.75 backed by renewed buying interest. The rebound would mark an end to the current bearish trend and set the token up for a short-term rally.

Whale Distribution Adds to ADA Price Pressure

Meanwhile, whales are also selling Cardano, data from Santiment shows. Top market trader Ali Martinez shared this, noting that large holders have sold 40 million ADA in the past week.

Specifically, addresses holding between 1 million ADA and 10 million ADA carried out these sales, reducing their stash to 5.49 billion. The dump reflects the predominant caution in the market, as investors play it safe by limiting exposure.

Whales Sell 40 million ADA
Whales Sell 40 million ADA

Nonetheless, the Chaikin Money Flow suggests renewed interest in ADA among retail traders. The indicator reached a three-month high of 0.15 on Wednesday, a level last seen on July 17, but currently trends at 0.12

While this is positive for Cardano, whale sales have overshadowed this move. If Cardano has a chance at recovering, whales would have to switch from selling to buying.

Samson Mow: Bitcoin Next Run Will Shame Gold Latest Rally

Albert Brown
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Samson Mow: Bitcoin Next Run Will Shame Gold Latest Rally

JAN3 CEO Samson Mow expresses confidence in Bitcoin long-term prospects, predicting that the next BTC price surge will outshine gold’s recent rally. 

For context, gold has been making headlines recently due to its remarkable performance. The world’s precious metal has repeatedly reached new highs this week, with the latest peak of over $4,370, recorded in the early hours of today. 

Analysts attributed gold’s recent surge to several factors, including renewed U.S.-China trade tensions and expectations of the Federal Reserve’s interest rate cuts. 

However, Bitcoin has endured a major correction since last Friday, crashing from around $120,000 to $107,000 yesterday. Bitcoin’s collapse comes days after it reached a record high of $126,198. 

“Bitcoin Next Spike Will Shame Gold’s Rally”

Despite Bitcoin’s recent underperformance, Mow believes in the asset’s prospects. He suggested that the next Bitcoin price surge would put gold’s recent rally to shame. This implies that Mow expects the next Bitcoin rally to be far more substantial and more explosive than the recent gold rally. 

As a staunch Bitcoin advocate, Mow has repeatedly argued that the leading cryptocurrency serves as an effective hedge against economic uncertainty amid its fixed supply and increasing institutional adoption. 

His stance directly challenges the traditional view of those who regard gold as the ultimate safe-haven asset. Despite Bitcoin trading at around $100,000, Mow still believes the asset is undervalued. 

Mow Predicts Bitcoin Surge to $1M This Year 

In May, he suggested that Bitcoin should be trading at $10 million if only people understood BTC. Nonetheless, he predicted that the flagship crypto asset would reach the lofty target of $1 million by December 2025, representing an 822% surge from the current price of $108,461. 

Mow’s prediction draws inspiration from Bitcoin’s remarkable 2016–2017 bull run, during which the cryptocurrency surged from around $1,000 to $20,000. 

He noted that if Bitcoin could achieve such growth despite widespread criticism over its mining practices and minimal institutional adoption at the time, there is little standing in the way of its path toward the $1 million milestone, especially as institutions continue to indicate interest in BTC.

Schiff Says Gold Will Hit $1M Before Bitcoin 

Elsewhere, popular Bitcoin skeptic Peter Schiff emphasized that gold is more likely to reach the $1 million mark than BTC. 

He made the remark while emphasizing gold’s impressive performance, noting that Bitcoin was down 32% against gold since August. Consequently, he advised long-term Bitcoin holders to sell their BTC, which he referred to as “fool’s gold,” and buy gold, or risk going broke. 

Meanwhile, gold has outpaced Bitcoin’s performance this year, surging over 60% year-to-date compared to Bitcoin’s 16% gain over the same period. 

However, a longer-term view tells a different story. Bitcoin has risen 837% over the past five years, while gold’s growth over this period stands at a more modest 128%.

Ripple Enters Treasury Payments: Here’s XRP Price if It Gets 3% of this $120T Market

Sam Wisdom Raphael
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Ripple Enters Treasury Payments: Here’s XRP Price if It Gets 3% of this $120T Market

With Ripple now entering the treasury payments sector, how high could XRP price go if the altcoin captures just 3% of the market?

Ripple Acquires GTreasury

Notably, Ripple recently confirmed it would acquire GTreasury, a treasury management firm. The acquisition represents Ripple’s entry into the multi-trillion-dollar corporate treasury market and gives it direct access to some of the world’s largest and most established corporate clients.

For context, GTreasury has spent more than four decades supporting treasury operations for major international companies. With this deal, Ripple seeks to combine its blockchain-based payment network with GTreasury’s expertise in managing liquidity, cash, and financial risk. 

According to its press release, the company wants to improve how large organizations move money across borders, cut costs, and make better use of idle capital.

Ripple CEO Brad Garlinghouse said global money movement still depends on outdated systems that slow transactions, drive up costs, and block access to new markets. He noted that blockchain technology solves these problems by allowing instant payments and freeing up trapped funds. 

Now, with more financial institutions turning toward tokenized assets and digital currencies, Ripple wants to position itself as a major partner for Fortune 500 companies. Many corporate treasurers now need systems that can handle stablecoins, tokenized deposits, and other digital assets at scale. 

A Push into the Treasury Payments Market

Interestingly, after announcing the acquisition, Garlinghouse took to X to confirm that Ripple is now breaking into the $120 trillion corporate treasury payments market. His post triggered excitement among XRP holders, many of whom believe this development could give XRP exposure to one of the largest markets in the world.

Notably, it is worth clarifying that the $120 trillion figure refers to total global corporate treasury assets, which include cash, liquidity, and short-term investments held by non-financial corporations, rather than the amount of payments made each year.

XRP Price if XRP Captured Just 3% of the $120T Market

Considering this, even a small portion of the market could have a massive impact on XRP price. Specifically, if XRP captured just 3% of the $120 trillion pool, that would amount to $3.6 trillion. 

Today, XRP’s market cap stands at about $138.59 billion, with a price of $2.31 and a circulating supply of 59.91 billion tokens. Adding $3.6 trillion to its value would push XRP’s market cap to roughly $3.739 trillion. Notably, with a circulating supply of 60 billion tokens, this would give XRP a potential price of around $62.30.

Importantly, several analysts have also predicted that XRP could reach similar price levels. In August, market commentator Paul Barron told AllInCrypto host Rupert that XRP could climb to $60 within a year if strong catalysts appear. 

Last October, when XRP traded below $1, analyst Levi Rietveld said the token could surge to $60 overnight. Meanwhile, crypto exchange platform Changelly also predicts that XRP could rise to $63 by October 2033.

XRP Price Predictions Changelly
XRP Price Predictions | Changelly

Florida Considers Adding Bitcoin to State Investment Portfolio

Zabi
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Florida Considers Adding Bitcoin to State Investment Portfolio

Florida lawmakers have started the new legislative session with a bill that would let the state’s chief financial officer invest public money in Bitcoin, tokenized assets, and NFTs

The House Bill 183, filed in the Florida House, aims to include digital assets in the state’s investment strategy beginning July 1, 2026.

If approved, the CFO could direct a maximum of 10% of select public funds toward investments in cryptocurrencies or ETPs. Specifically, this allocation would apply to funds such as the General Revenue Fund and various trust funds.

Similarly, a provision would allow the State Board of Administration to invest up to 10% of the Florida Retirement System Trust Fund in digital assets.

Secure Custody and Regulatory Oversight

HB 183 defines digital assets broadly, covering Bitcoin, tokenized securities, and non-fungible tokens (NFTs). To ensure safety, the bill mandates that assets be managed in accordance with stringent custody rules. This may include execution directly by the CFO, through a qualified custodian, or via SEC-registered ETFs.

Additionally, the proposal frames Bitcoin as a store of value and inflation hedge, backed by recent federal actions. Lawmakers cite the March 2025 White House executive order, which creates a Strategic Bitcoin Reserve and digital asset stockpile, as a guiding framework for the state’s plan.

Beyond investment, HB 183 would allow Floridians to pay certain taxes and fees in digital assets. Under this system, any crypto payments would be immediately converted to U.S. dollars before being deposited into the state’s general fund, reducing volatility risks.

Legislative Momentum and National Context

Currently, HB 183 awaits committee assignment in the Florida House. Before becoming law, the bill must pass both the House and Senate and secure the governor’s signature. If enacted, Florida could begin implementing the new policy by mid-2026.

Florida’s push follows a growing national trend of states exploring digital asset investment policies. In 2025, Arizona, New Hampshire, and Texas enacted similar Bitcoin reserve laws, reflecting an expanding state-level appetite for crypto diversification.

According to Julian Fahrer, founder of Bitcoin Laws, over 50 related bills were introduced nationwide this year. He added, “Most of the failed bills you see are because state legislatures adjourned,” noting that interest remains strong and is likely to grow in upcoming sessions.

Federal Context and Market Influence

Meanwhile, the federal government’s new Strategic Bitcoin Reserve, announced earlier in 2025, has given additional legitimacy to these state-led initiatives.

Treasury Secretary Scott Bessent clarified in August 2025 that the reserve would hold only seized Bitcoin, not new purchases. Still, he said the program helped validate the idea and increased pressure on states to follow suit.

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