Florida’s chief financial officer urged pension funds to consider bitcoin investments
Jimmy Patronis, Florida’s chief financial officer, sent a letter to State Board of Administration Executive Director Chris Spencer, calling bitcoin “digital gold” and suggesting it be considered for diversifying pension investments
The SBA has more than 30 funds under management, including the Florida Retirement Fund with about $205 billion in assets at the end of September
Patronis has proposed launching a pilot digital asset investment program as part of the Florida Growth Fund, which could use up to 1.5% of the trust fund’s assets for crypto assets
