‘We’d Be A Fool If We’re Not Prepared’—Florida’s Chief Financial Officer Vows To ‘Harness Opportunities’ In Crypto
Posted On October 31, 2024
Florida Chief Financial Officer Jimmy Patronis is advocating for the state’s pension fund to explore crypto investments, emphasizing the long-term viability of digital assets.
What Happened: “We’d be a fool if we’re not prepared to do everything we can to harness the opportunities there,” Patronis stated in an interview with CNBC on Thursday, underlining his commitment to equipping Florida’s State Board of Administration (SBA) with a comprehensive investment toolkit, which now includes cryptocurrencies.
With Florida experiencing significant economic growth and an influx of 400,000 new residents last year, Patronis believes the state’s strong fiscal reserves—now quadruple what …
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