Florida considers incorporating Bitcoin into retirement funds to provide hedging for investment portfolios
Florida State Treasurer Jimmy Patronis recently suggested that the state government consider including Bitcoin in the investment portfolio of the state retirement fund, in order to provide a hedge against market volatility for the investment portfolio.
Jimmy Patronis wrote to Chris Spencer, Executive Director of the Florida Board of Governors (SBA), on October 29th, proposing to evaluate the feasibility, risks, and potential benefits of investing some state retirement system funds in digital asset classes, and to complete the report before the next legislative session on March 4, 2025. He said:
Bitcoin is known as the 'digital gold', which can help diversify state investment portfolios and provide a stable hedge against volatility in other major asset classes
Currently, the total assets managed by Florida SBA exceed $205 billion, covering over 30 funds including the Florida Retirement System Trust Fund. Patronis suggests that SBA may consider establishing a "Digital Currency Investment Pilot Program" within the Florida Growth Fund, utilizing up to 1.5% of the fund's funds for high growth investments. According to the January report, the growth fund has invested $998 million in high growth projects between 2022 and 2023.
When managing state pensions for firefighters, teachers, and police officers, priority should be given to the best investment return. The potential of investing in cryptocurrencies such as Bitcoin is particularly attractive in this context
He also pointed out that this measure is consistent with Florida Governor Ron DeSantis' recent opposition to central bank digital currencies (CBDCs), believing that cryptocurrency is the "opposite" of central currency and more in line with the state government's investment philosophy.
If Florida adopts this proposal, it will join the ranks of states such as Wisconsin and Michigan that have already included cryptocurrency in their retirement fund investments. In May of this year, the Wisconsin Investment Board (SWIB) disclosed that the state had invested $164 million in Grayscale and BlackRock's Bitcoin spot ETF, accounting for 0.1% of its total assets. A few months later, the Michigan Retirement System also announced its Bitcoin investment, holding 110000 shares of the ARK 21Shares ETF, which represents approximately 0.003% of its assets.
(责任编辑:发现基金)
- ·以太坊巨鲸向Kraken存入2839枚ETH价值732万美元
- ·Rippl首席执行官强烈喷击SC在诉讼中使用RP报告
- ·索罗斯基金重仓卫星制造商AST和英伟达
- ·泉州公积金利率
- ·门罗币交易平台
- ·第一数字资产交易平台
- ·可以探测钱包的软件
- ·河什么天气什么-河什么天气什么成语
- ·牛市股票操作
- ·矿机用哪个矿池 矿机用哪个矿池好
- ·应用链崛起,L1 会成为廉价商品吗?
- ·拍拍贷为什么一直资金筹集中?会不给放款吗?
- ·纬创计划2026年完成Nvidia AI硬件设施,推动美国本土制造转型
- ·以太坊经典钱包-以太坊经典钱包imtoken
- ·bitkeep钱包使用教程
- ·Aleo 主网上线天王变“天亡”?矿工直呼被坑惨
- · 十大虚拟货币交易平台app
- · 欧亿app官网正式版下载
- · 虚拟货币交易平台有哪些
- · 亿欧app下载
- · 全球三大虚拟货币交易平台
- · 欧亿交易所怎么样。
- · 加密货币交易所
- · okx官方
- · okx交易所app官网
- · 数字货币交易平台app