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Florida CFO Advocates for Bitcoin in State Pension Funds

  • Florida's Chief Financial Officer, Jimmy Patronis, is advocating for Bitcoin as a possible addition to the state’s retirement fund portfolio.
  • Patronis believes Bitcoin, as a digital asset, could diversify the state's holdings and provide a safety net against the volatility of traditional assets.
  • He proposed a 'Digital Currency Investment Pilot Program' within the Florida Growth Fund to explore the feasibility and benefits of investing in cryptocurrencies.
  • The Florida State Board of Administration is expected to deliver a report by early next year on the potential inclusion of Bitcoin in the state's pension funds.

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