“[We can] leverage our $185.7 billion pension fund (4th largest in the U.S.) to allocate a small percentage to Bitcoin as a hedge against inflation…Just investing ONE percent of our pension fund into Bitcoin would be $1.857 billion.”
He says Florida can also tap into its budget surplus to invest in Bitcoin without cutting essential services.
“Inflation and time will eat away at any budget surpluses we have. Investing just ONE percent of our surplus would be $1.165 billion.”
Last month, Florida chief financial officer (CFO) Jimmy Patronis said that the state government already has $800 million worth of crypto-related investments and could accumulate more.