Monday, June 2, 2025
No Result
View All Result
DOLLAR BITCOIN
Shop
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet
DOLLAR BITCOIN
No Result
View All Result
Home Regulations

Florida Owns $800,000,000 in Crypto Investments and Wants To Accumulate More, Says State CFO

n70products by n70products
November 2, 2024
in Regulations
0
Florida Owns $800,000,000 in Crypto Investments and Wants To Accumulate More, Says State CFO
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


The federal government of Florida already owns $800 million price of crypto-related investments and will quickly maintain extra, based on Jimmy Patronis, the state’s chief monetary officer (CFO).

Patronis says in a brand new interview with CNBC that he “wouldn’t be shocked” to see that quantity develop if former President Donald Trump wins the presidential election subsequent week.

“Crypto’s not going wherever. It’s not going to contract. It’s going to proceed to be increasing, and I feel we’d be a idiot if we’re not ready to do every little thing we will to harness the alternatives there.”

Patronis lately wrote to the Florida State Board of Administration, which manages the property for the Florida Retirement System, requesting that the board full a report exploring the potential affect of including crypto to their pension funds’ funding portfolios.

“When managing state pensions for firefighters, lecturers, and law enforcement officials, it’s additionally important to prioritize the underside line and make sure the finest return on funding for Floridians. That is the place the potential of investing in a cryptocurrency, like Bitcoin, turns into significantly compelling.

Bitcoin is usually known as ‘digital gold,’ and it may assist diversify the state’s portfolio and supply a safe hedge in opposition to the volatility of different main asset lessons.

The State Board of Administration maintains a Florida Development Fund that permits for extra modern and rising investments, and a Digital Forex Funding Pilot Program could possibly be an ideal match, providing potential advantages we can’t afford to miss.”

Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox

Verify Price Action

Observe us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Get Alerts

Disclaimer: Opinions expressed at The Every day Hodl will not be funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal threat, and any losses you could incur are your accountability. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please observe that The Every day Hodl participates in internet online affiliate marketing.

Generated Picture: Midjourney





Source link

Tags: accumulateCFOCryptoFloridainvestmentsOwnsState
Previous Post

Is A 326% Rally To $0.00003474 Possible From Here?

Next Post

How To Trade Bitcoin During The US Election, Expert Reveals

Next Post
How To Trade Bitcoin During The US Election, Expert Reveals

How To Trade Bitcoin During The US Election, Expert Reveals

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Premium Content

Grantee Roundup: May 2021 | Ethereum Foundation Blog

Grantee Roundup: May 2021 | Ethereum Foundation Blog

April 17, 2024
Treasury Secretary Janet Yellen Issues Warning on Crypto Asset Volatility, Says Legislation Needed

Treasury Secretary Janet Yellen Issues Warning on Crypto Asset Volatility, Says Legislation Needed

February 8, 2024
Ex-Alameda CEO Sam Trabucco Agrees To Forfeit Two Apartments, Yacht and $70,000,000 in Rights to Claims: Report

Ex-Alameda CEO Sam Trabucco Agrees To Forfeit Two Apartments, Yacht and $70,000,000 in Rights to Claims: Report

November 13, 2024
DXY’s Collapse Signals Bigger Bull Run

Dogecoin Crash? Analyst Predicts Drop To $0.12 Before Rebound

March 10, 2025
$2,000,000,000,000 in Demand for US Treasuries Could Come From Digital Assets in Coming Years: Treasury Secretary Scott Bessent

$2,000,000,000,000 in Demand for US Treasuries Could Come From Digital Assets in Coming Years: Treasury Secretary Scott Bessent

May 7, 2025
Bitcoin Price Under Pressure? Analyst Explains Why Retreat Below $66,000 Is Bad News

Bitcoin Price Under Pressure? Analyst Explains Why Retreat Below $66,000 Is Bad News

September 1, 2024

Recent Posts

  • France Charges 25 Over Crypto Kidnapping Spree in Paris
  • Ethereum Pulls Back 10% But Holds Monthly Gains – Is The Next Pump Loading?
  • Traders shift strategies amid tariff turmoil

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Blog
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

Recommended

France Charges 25 Over Crypto Kidnapping Spree in Paris

France Charges 25 Over Crypto Kidnapping Spree in Paris

June 2, 2025
Ethereum Pulls Back 10% But Holds Monthly Gains – Is The Next Pump Loading?

Ethereum Pulls Back 10% But Holds Monthly Gains – Is The Next Pump Loading?

June 1, 2025

© 2023 Dollar-Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet

© 2023 Dollar-Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version