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Florida State CFO Suggests Including Bitcoin In State Retirement Funds

  • Florida's Chief Financial Officer Jimmy Patronis has proposed including Bitcoin in the state's retirement funds.
  • Patronis believes that Bitcoin could enhance portfolio diversification and serve as a safeguard against volatility.
  • He has urged the Florida State Board of Administration to prepare a report assessing the feasibility and potential benefits of investing in digital assets.
  • If approved, Florida would join states like Wisconsin and Michigan in investing in cryptocurrencies.

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