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:私募资讯)
- ·请问广发车主卡存款提现收费吗?车主卡怎么样?
- ·火币宝
- ·火币比特币提现
- ·暴风什么旱涝什么
- ·稳定币爆发:日均供应量超 1680 亿美元,月度稳定币钱包地址增长百倍
- ·详细了解AVAX币买入和交易教程
- ·日本首席贸易谈判代表放话:若不取消关税,绝不急于达成协议!
- ·Pectra 升级后,投资者兴趣增加,抢购 2 亿美元以太坊基金
- ·2025中国数字货币交易所_正规前10名币圈交易所排名
- ·合作社收到扶贫资金怎么账务处理
- ·拍拍贷过年放款吗?申请申请拍拍贷贷款啊?
- ·btc价格非小号
- ·国外投资平台app_国内炒币十大交易平台
- ·Wall Street Ponke 推出 AI 工具和学习中心,数小时内筹集超过 30 万美元
- ·“家人们”席位·期货品种持仓一览(5月21日)
- ·元宝网怎么提现
- · 亿欧交易所下载
- · oe交易所app下载
- · 数字货币交易平台app
- · 欧亿app官网正式版下载
- · 数字货币交易所
- · 全球三大虚拟货币交易平台
- · 亿欧app下载
- · 虚拟货币交易平台有哪些
- · 十大虚拟货币交易平台app
- · OK交易所官网入口登录