Florida’s $800M Crypto Portfolio Gains Attention Amid Calls for Expanded Investments

The post Florida’s $800M Crypto Portfolio Gains Attention Amid Calls for Expanded Investments appeared first on Coinpedia Fintech News

Florida’s Chief Financial Officer, Jimmy Patronis, revealed that the state has around $800 million invested in crypto-related assets. Speaking to CNBC, Patronis hinted that this amount could rise if former President Donald Trump returns to office, as Trump has proposed building a national “crypto stockpile” focusing on Bitcoin. Patronis also suggested putting some of Florida’s retirement funds into crypto, joining states like Wisconsin and cities like Jersey City exploring crypto investments. He sees crypto as a hedge against federal control, adding urgency as China’s role in crypto grows.