The Chief Financial Officer of Florida 🇺🇸 has recommended considering the inclusion of Bitcoin and other digital assets in the state’s investment portfolio to diversify, stating that Bitcoin is “electronic gold.”

The CFO highlighted examples from states such as Wisconsin, Michigan, Arizona, Wyoming, and Nebraska, where these states have taken steps to integrate crypto into pension funds and develop regulatory frameworks for crypto-related activities.

The letter calls for the State Board of Administration (SBA) to assess the feasibility and benefits of these investments and report the findings to Florida lawmakers to assist them in making decisions during future legislative sessions. The goal is to position Florida as a leader in new investment strategies to achieve optimal returns.