Patronis stated that the current criticism of cryptocurrencies is misguided, emphasizing the need to embrace this asset class for its potential in portfolio diversification.
He expressed a desire to push investments in cryptocurrencies, arguing that not engaging with crypto could lead to missed opportunities for state employee returns.
Patronis voiced concerns about central bank digital currencies, stating that such overreach by the federal government could pose privacy risks to citizens.
He highlighted that other states are also exploring cryptocurrency investments, indicating a broader trend within U.S. state financial strategies towards digital assets.
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