Reported 25 days ago
If Donald Trump wins the 2024 election, Florida could see increased investment in cryptocurrency within its state pension funds, currently holding about $800 million in crypto-related assets. Florida's CFO, Jimmy Patronis, expressed optimism about growing these investments under a Trump administration, as state pension funds are progressively turning towards bitcoin exchange-traded funds (ETFs) to diversify portfolios. However, there are concerns regarding the risks associated with cryptocurrencies, especially for retirees relying on these funds.
Source: YAHOO