States Are Taking Action

One of the most interesting things to me is how the USA runs or at least should run and we seem to returning back to those roots as of late. That's that each state can actully have their own laws and regulation that override the government.

One of the things I've noticed more than any is how bullish Florida has been and continues to be in terms of being a crypto hub or at least taking action on the things that they say.

In fact it's reported now that the Florida CFO says the state now holds 800 million dollars worth in crypto investments. Now let's be honest 800 million may sound like a decent amount but in terms of a state level it's a very small percent. But what matters is it's a percent at all!

Most crypto conferences have ended up being held in Florida so it would be interesting to see this state continue to double down on this and actully become a hub for crypto adoption as well as having pro crypto rules and laws.

I firmly believe we will continue to see more states and governments including businesses and people accumulate more crypto assets over time. While I don't feel we are anywhere close to a full stack I believe at least a small percent across the world will happen which will still make the value of bitcoin a massive asset.