Florida's Chief Financial Officer Proposes State Pension Funds Invest in Crypto Inspired by Trump's Bitcoin Rhetoric
Florida's Chief Financial Officer, Jimmy Patronis, has suggested that the state's pension funds invest in cryptocurrency, inspired by Donald Trump's support for the US government stockpiling bitcoin. In a letter to the state's investment managers, Patronis urged them to consider the option, stating that bitcoin is often referred to as "digital gold" and could provide a secure hedge against the volatility of other major asset classes. He also noted that other states have already made similar investments. Patronis praised Trump's innovative thinking and urged that it not be taken for granted.
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