Odaily Planet Daily News: Florida Chief Financial Officer Jimmy Patronis has suggested that the agency managing the state's retirement fund consider investing in Bitcoin. Patronis wrote to the Florida State Board of Administration (SBA) yesterday stating: "Bitcoin is commonly referred to as 'digital gold'; it can help diversify the state's portfolio and provide a safe hedge against the volatility of other major asset classes." He urged the SBA to "provide a report on the feasibility, risks, and potential returns of allocating a portion of the state's pension system funds to the digital asset category," to be completed before the next legislative session scheduled for March 4, 2025. The Florida Small Business Administration manages over 30 funds, including the Florida Retirement System Trust Fund. As of September 30, the fund manages assets of approximately $205 billion. (Cointelegraph)

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