In a bold move to diversify Florida’s retirement portfolio, Chief Financial Officer Jimmy Patronis has urged the state’s Board of Administration to explore investing in Bitcoin. Citing its potential as a “digital gold,” Patronis believes that incorporating Bitcoin could provide a secure hedge against market volatility. His request comes in light of Donald Trump’s proposal for a national Bitcoin stockpile. Patronis has asked for a feasibility report on this investment strategy ahead of the next legislative session, set for March 4, 2025.
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