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)
- ·地球币在线钱包-地球币在线钱包安全吗
- ·NFT交易平台
- ·The BTC holdings of the US Bitcoin ETF have exceeded one million, and the net inflow of BlackRock IBIT Fund has reached a new high
- ·加密货币分析师揭示比特币价格本轮周期或将达到 159,000 美元
- ·比特儿交易所
- ·厂房出租开票如何交税
- ·全球虚拟货币交易_国内前三名usdt交易软件排名盘点
- ·桔子分期审核没通过有哪些原因?为什么没有通过?
- ·出口货物的进项税可以抵扣吗
- ·钱包助记词keystore-钱包助记词忘记怎么办
- ·我想在小赢卡贷上面借3万,想知道具体利息有多少啊?
- ·剑桥最新报告:比特币挖矿能源结构已悄然改变
- ·比特币(BTC)5月10日价格预测:突破扩展还是假顶部?
- ·股票佣金费
- ·OKX Ventures、The Open Platform与Folius Ventures 联合推出 Telegram Growth Hub,加速器总规模 1000 万美元
- ·hydroprotocol币价格
- · 全球三大虚拟货币交易平台
- · 虚拟货币交易平台有哪些
- · 虚拟货币交易平台排名
- · okx官方
- · 数字货币交易所
- · 数字货币交易app
- · 虚拟货币交易
- · 虚拟货币交易平台排名
- · 加密货币交易所
- · okx网页版