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:汇率)
- ·股票外汇公司-股票外汇公司有哪些
- ·江苏雷利:新客户逐步进入量产阶段,预计四季度订单保持增速,未来汇率影响可控
- ·stream交易平台-stean交易平台
- ·智微智能:基于NVIDIA Jetson Orin模组推出边缘计算产品 E 系列,适配OpenHarmony的产品线共计20余款
- ·10大国内比特币平台排行 加密货币交易平台top10
- ·比特币巨鲸将1750比特币转移到了binanc交易所
- ·coin大师币价格-大师币行情
- ·“售后租回交易”是什么?
- ·资金结存能不能是负数
- ·瑞波币未来价格
- ·买卖股票分红
- ·meme币怎么注册 meme币交易所注册教程(最新)
- ·股票基金名称
- ·通信设备行业31日主力净流出19.25亿元,海能达、天孚通信居前
- ·Farcaster社区的新宠儿,Noice是下一个Degen吗?
- ·半中央化交易所为WB3交易和治理生态系统敞开大门
- · 数字货币交易平台app
- · 欧易最新版本
- · 全球三大虚拟货币交易平台
- ·欧易交易所下载
- · 十大虚拟货币交易平台app
- · okx交易所app官网链接
- · 数字货币交易所
- · okx交易所app官网
- · 欧易开户
- · 欧亿app官网正式版下载
- ·稳定币在哪里可以买?十大稳定币交易软件
- ·什么样的游客
- ·TRON 波场网络加强全球支付基础设施建设,Stripe 旗下 Bridge 公司扩展集成
- ·川大智胜:股票交易异常波动
- ·索拉纳 (Solana) 测试 190 美元,空头火爆:他们看到了什么而其他人没有看到?
- ·meme币交易所下载安卓最新 meme币最新版手机app下载
- ·密歇根州立法者推动涵盖 BTC 挖矿、CBDC 和退休基金的新加密货币法案
- ·兴齐眼药收盘跌0.83%,主力资金净流出7396.55万元
- ·Kraken推出xStocks:24小时无缝交易时代来临,传统交易所面临生存危机
- ·中绿电:获福建250MW渔光互补项目建设指标