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:现货金)
- ·如何购买和交易Phoenix Global (new) (PHB) 的指南
- ·比特币被什么承认 比特币被什么承认了
- ·厦门台风什么时候到
- ·数字币交易平台最好的有哪些?十大数字货币交易软件app
- ·交易所跑路
- ·垃圾币、人工智能代理和热狗:加密游戏“DX Terminal”是一项疯狂的实验
- ·gas是什么币
- ·加密早报:TIA、OP、SUI 等代币本周迎来大额解锁,美国大选或引发市场剧烈波动
- ·财政部长谴责参议院封锁《天才法案》:美国数字资产领导地位受威胁
- ·澳洲使用什么货币
- ·OpenAI推出全球合作计划助力各国AI基础设施建设
- ·Ampleforth (AMPL)购买指南及交易平台推荐
- ·印度交易所数字货币-印度的数字货币
- ·p币怎么邀请
- ·Unichain本周资金净流入6860万美元领先市场
- ·比特币交易平台前十名排名 虚拟币十大交易所排名
- · 数字货币交易所
- · 加密货币交易所
- · 十大虚拟货币交易平台app
- · 虚拟货币交易
- · okx网页版
- · 全球三大虚拟货币交易平台
- · 虚拟货币交易平台排名
- · 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