Florida Considers Bitcoin Investments for Pension Funds

- Florida's Chief Financial Officer Jimmy Patronis has proposed investing a portion of the state's pension funds in Bitcoin.

- Patronis believes that Bitcoin, as "digital gold," can diversify the portfolio and protect against the volatility of other assets.

- He called on the State Board of Administration (SBA) to prepare a report on the risks and benefits by March 2025.

- If Florida makes this decision, it will join the states of Wisconsin and Michigan, which are already investing in cryptocurrencies.