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Florida Official Suggests Retirement Funds Diversify With Bitcoin to Save Your Life (And Their Own)

A  illustration of a globe with a split screen: one side showing chaotic market fluctuations (stocks, bonds) and the other featuring a calm Bitcoin 'digital gold' bar on top of it; flames from fire extinguishers symbolizing protection for public service workers in the background. A pair of scales are balanced by two weights - one labeled

Just when you thought things couldn’t get any more absurd – U.S state officials are now urging retirement funds to invest in Bitcoin, because what’s a pension without a dash of unregulated speculation? Chief Financial Officer Jimmy Patronis is pushing for Florida’s State Board of Administration to dip their toes into the world of cryptocurrency, citing it as a ‘hedge’ against market volatility. Because, you know, there’s nothing quite like throwing your retirement savings at a highly volatile asset class and hoping for the best.

Source: bitcoin.com

A top financial officer of the U.S. state of Florida is advocating for state retirement funds to consider cryptocurrency investments, calling bitcoin a hedge against market volatility. Chief Financial Officer and State Fire Marshal Jimmy Patronis, a statewide elected official and member of Florida’s Cabinet responsible for the Department of Financial Services, is urging the State Board of Administration (SBA) to consider cryptocurrency investments for state retirement funds. Patronis sent […]

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