Florida’s CFO confirms the state holds around $800 million in crypto.
The CFO thinks a Donald Trump presidency will boost America’s crypto-related investments.
Jimmy Patronis requested that Florida invest a portion of its pension funds in crypto.
Florida’s Chief Financial Officer (CFO), Jimmy Patronis, expressed confidence that a Donald Trump presidency could support growth in crypto investments for the state. Speaking on CNBC’s Squawk Box, Patronis confirmed Florida’s current portfolio includes around $800 million in cryptocurrency investments.
https://twitter.com/SquawkCNBC/status/1851991327052804439
Patronis believes that “crypto is here to stay” and advocates for Florida to maximize crypto investment opportunities, even pushing for the state’s pension fund to include digital assets.
Earlier this week, he sent a letter to the State Board of Administration (SBA) requesting that Bitcoin be considered as a potential investment for pension funds. While Florida has not yet made such a move, states like Wisconsin and Michigan have already allocated parts of their pension funds to cryptocurrency.
As a “fiduciary of state pension fund…
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