Florida’s Chief Financial Officer, Jimmy Patronis, has proposed that the agency managing the state’s retirement funds consider investing in Bitcoin.

He requested a report on the risks and potential benefits of investing in digital assets, urging its completion before Florida’s legislative session in March 2025. Patronis also suggested creating a “Digital Currency Investment Pilot Program” under the Florida Growth Fund, which already invests a portion of retirement funds into high-growth ventures.

This is a bold step for Florida, aligning with a trend of public institutions cautiously exploring cryptocurrency investments. While Bitcoin offers potential diversification, it also presents substantial risks due to its volatility. Any movement in this direction should prioritize thorough research and clear risk management, especially given its potential impact on public retirement funds. Show Less