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Florida’s New Move: Adding Bitcoin to State Reserves for Diversification

  • Florida's Chief Financial Officer, Jimmy Patronis, proposes adding Bitcoin to state reserves for diversification.
  • Patronis suggests that Bitcoin's reputation as 'digital gold' makes it a hedge against volatility and an opportunity to improve the state's financial portfolio.
  • The proposal includes a pilot program to assess the feasibility of Bitcoin in state pension funds.
  • Florida has a proactive approach to cryptocurrency and aims to stay ahead in implementing digital asset rules.

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