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 $164 million in Grayscale and BlackRock's Bitcoin spot ETF, accounting for 0.1% of its total assets. A few months later, the Michigan Retirement System also announced its Bitcoin investment, holding 110000 shares of the ARK 21Shares ETF, which represents approximately 0.003% of its assets.
(责任编辑:要闻)
- ·十月的江苏穿什么衣服
- ·猪肉现在多少钱一斤
- ·Tron 达到 2025 年的重要里程碑,所有 TRX 持有者都实现了盈利
- ·涨停揭秘 | 东方集团8连板涨停,封板资金1.4亿元
- ·虚拟币行情监测
- ·羊驼币$ALPACA的疯狂博弈:当利空成为财富密码
- ·sushi比特币行情
- ·以太币怎么购买?欧意易易平台购买ETH币教程
- ·Tether钱包热度排行榜 Tether交易app前十盘点
- ·浩丰科技收到行政处罚告知书 今年第三季度净利润下降61%
- ·Pump.Fun向Kraken转入132 573枚SOL价值2290万美元
- ·信用钱包要信用卡吗?怎么申请信用钱包借款?
- ·hcc医疗链行情
- ·如何捐比特币
- ·央行数字货币交易平台
- ·vpal行情
- · 虚拟货币交易平台排名
- · 数字货币交易平台app
- · 数字货币交易app
- · 虚拟货币交易
- · 十大虚拟货币交易平台app
- · 虚拟货币交易平台排名
- · 数字货币交易所
- · okx官方
- · okx网页版
- · 虚拟货币交易平台有哪些