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:现货银)
- ·分析师称狗狗币突破这一阻力位可能引发新一轮牛市
- ·为什么以太币跌 为什么以太币跌那么多
- ·ethereumwallet钱包
- ·数字资产交易平台排名
- ·云币怎么挖
- ·比特币25年中国怎么买?靠谱的usdt交易所排行榜
- ·Chainlink Labs推出创业支持计划「Build on Solana」,现已开放申请
- ·8月份适合吃什么蔬菜
- ·币国际交易平台
- ·电子货币怎么获取 电子货币怎么获取钱
- ·虚拟货币行情数据
- ·特朗普表情包币大赛获胜者获得数亿美元利润
- ·dash币怎么充值 dash币社区
- ·比特币杠杆交易平台
- ·专家坚称“很快,没有什么能阻止 XRP 的”审判日即将到来
- ·挖矿的原理是什么 挖矿的原理是什么为什么费电
- · 虚拟货币交易平台排名
- · 虚拟货币交易平台有哪些
- · 十大虚拟货币交易平台app
- · 全球三大虚拟货币交易平台
- · 数字货币交易平台app
- · okx官方
- · 虚拟货币交易
- · 数字货币交易app
- · 加密货币交易所
- · 数字货币交易所