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:百科资讯)
- ·币圈最热门的交易所 币圈前10名交易所排行榜
- ·罗纳尔迪尼奥否认参与6100万美元加密货币诈骗
- ·2025年中国比特币交易平台 币圈交易平台app排名
- ·Vitalik Butrin 正在出售他的 TH 储备吗?两笔交易引发大量的猜测
- ·中国10大公认的虚拟货币 btc操作平台
- ·火火币交易平台
- ·附近人民银行在哪里-附近人民银行在哪里人民银行
- ·币安火币提现
- ·30年工龄退休金能领多少?一文算清!30年工龄退休能拿多少钱
- ·Wb3 社交图谱 CybrConnct 通过 CoinList 代币销售筹集 540 万美元
- ·九大币圈交易所 9大btc交易平台排名
- ·瑞波币(XRP)解析、价格走势预测及未来前景与购买指南
- ·带孩子去福州哪里好玩-带孩子去福州哪里好玩一点
- ·火币网手续费
- ·2025年全球十大虚拟货币钱包排行
- ·怎么购买MEME币?MEME币在哪个平台交易?MEME币购买交易教程
- · okx交易所app官网链接
- · 欧亿交易所怎么样。
- · 虚拟货币交易平台排名
- · 全球三大虚拟货币交易平台
- · 数字货币交易所
- · 虚拟货币交易平台有哪些
- · 十大虚拟货币交易平台app
- ·欧易交易所下载
- · 虚拟货币交易平台排名
- · okb交易所官网