Florida's Chief Financial Officer, Jimmy Patronis, has urged the state's retirement fund managers to consider Bitcoin investments. He believes Bitcoin, often dubbed "digital gold," could enhance portfolio diversification and act as a hedge against volatility. Studies suggest that even a 1% Bitcoin allocation can boost returns and improve risk-adjusted performance in traditional 60/40 portfolios. Despite Bitcoin's volatility, its low correlation with stocks and bonds makes it an attractive diversification tool. As regulatory clarity improves, more institutional investors may explore digital assets, potentially reshaping financial landscapes.