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Bitcoin As A Strategic Reserve: Florida’s CFO Proposes To Follow Trump’s Lead

  • 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.

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