Florida Eyes State Bitcoin Stockpile for Retirees, Inspired By Trump
Florida Chief Financial Officer Jimmy Patronis is pushing an idea for state pension funds using a Bitcoin stockpile. The official was inspired by Donald Trump’s crypto policy, which is in support of Bitcoin and the crypto industry. Patronis said in a letter to the state’s investment managers that they should follow Trump’s ideas and push for a Bitcoin pension fund for retirees. “I believe this forethought and innovative thinking from a successful businessman like President Trump must not be taken for granted,” the state CFO said in a letter to the executive director of Florida’s State Board of Administration. “Bitcoin is often called ‘digital gold,’ and it could help diversify the state’s portfolio and provide a secure hedge against the volatility of other major asset classes.” Florida To Follow Trump’s Footsteps Of Bitcoin Support? Other states around the nation have indulged in Bitcoin ETFs and pensions. The success of...