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:新股)
- ·上海公积金提取手续费-上海公积金提取手续费多少
- ·中成股份收盘涨10.0%,主力资金净流入6876.0万元
- ·广发臻尚白金信用卡怎么注销啊?
- ·团体重疾险有哪些承保条件?具体需要满足哪些要求?
- ·什么是数学货币
- ·钱币正规交易平台
- ·以太坊能否重现2019年对比特币的超越?数据暗示可能性,但阻力犹存
- ·i比特币最新价格-iBTC最新报价
- ·专访Bybit COO Helen:非典型的典型交易所高管,驾驭全球化风险与挑战
- ·奥普光电收盘涨10.0%,主力资金净流入1.09亿元
- ·瑞波币价格
- ·芝麻交易所交易所国际版v6.3.9下载安装-易欧国际交易平台2023中文版下载
- ·越南芽庄是什么气候
- ·全球虚拟币交易所综合实力排名 比特币全球十大交易所
- ·美国总统大选即将来临,有哪些炒作标的?
- ·Bonk币最新价格 Bonk币今日行情 Bonk币最新消息
- · okx官方
- · 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
- · 数字货币交易平台app
- · 虚拟货币交易平台有哪些
- · 虚拟货币交易
- · 数字货币交易app
- · okx网页版
- · 虚拟货币交易平台排名