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:基金工具)
- 香港币圈交易所榜单一览 香港十大交易所app排行
- Token2049 速递:PolyFlow 实现 DePIN 硬件贷款计划的创新 PayFi 场景构建
- 比特币交易所排行 正规的数字交易平台
- 钱包节点同步教程
- 全球10大usdt交易平台排名2023 usdt交易平台全球10大交易所不会被清
- 欧易下载不了怎么办-红红火火交易所(V6.40.94)
- HT币发行总量是多少?HT币发行量和流通量介绍
- 东峰集团收盘涨4.69%,主力资金净流入2041.68万元
- 数字货币十大交易平台(知名十大交易所
- monero钱包同步满
- 梦见结婚?这几种含义你可能想不到!梦见自己结婚是什么意思
- a卡挖矿变频软件-a卡挖矿变频软件下载
- 吴忠到银川多远?一脚油门就到!吴忠到银川多少公里
- 昊帆生物收盘跌2.42%,主力资金净流出2380.37万元
- meme币交易所安卓app下载 meme币app安卓手机端软件
- 比特币正规交易网站有哪些软件?英国比特币交易平台
- 海洋经济概念31日主力净流入2234.43万元,中远海控、XD招商轮居前
- 天下秀收盘涨3.97%,主力资金净流入2050.76万元
- 养老金概念31日主力净流出19.78亿元,宗申动力、罗博特科居前
- 钱包服务器对接
- okx官方 views+
- ok币 views+
- 数字货币交易所 views+
- 数字货币交易app views+
- 欧易最新版本 views+
- 欧易开户 views+
- 欧易交易所下载 views+
- OK交易所官网入口登录 views+
- oe交易所app下载 views+
- 0kx交易所官网 views+