Florida's Chief Financial Officer, Jimmy Patronis, has formally requested the state's pension fund managers to explore investing in Bitcoin.
This proposal follows former President Donald Trump's advocacy for the United States to establish a national stockpile of Bitcoin.
Patronis highlights Florida's robust economic standing and cites other states' actions as precedents for investing in cryptocurrency.
He emphasizes the potential financial benefits of diversifying the state's portfolio with Bitcoin and requests a comprehensive report on the feasibility and risks involved.