Jimmy Patronise, Florida’s Chief Financial Officer, has spearheaded a Bitcoin investment advocacy, calling on the State’s Board of Administration to consider investing in the nascent sector. Patronise sold portfolio diversification to Chris Spenser, the executive director of the Florida State Board of Administration, in a letter on October 29. While citing the financial abundance of the US-based state, the CFO proposed dabbling some of Florida’s state retirement system funds into Bitcoin, the largest cryptocurrency by market cap. Patronise Describes Bitcoin as Digital Gold In the letter, the Florida CFO noted that Bitcoin is considered digital gold and possesses certain admirable qualities.
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