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:发现基金)
- v6.0.47官方版 O钱包app最新版下载
- 10月31日博时恒盛持有期混合A净值增长0.50%,近3个月累计上涨5.6%
- th国内交易所 th交易所国内版本v6.8.7
- 大连九月份天气穿什么
- 走一万步能烧掉多少卡?一万步消耗多少大卡
- 钱包协议omni-钱包协议erc20和trc20
- USDT提现平台有哪些?十大usdt提现网站盘点
- 库怎么提币
- 虚拟交易平台排行榜_虚拟货币交易排名汇总
- 10月31日中欧康裕混合C净值增长0.01%,今年来累计上涨3.35%
- 中国香港十大虚拟货币排名一览
- 罗列币圈全球9大交易所 九大btc交易平台排名
- 2025数字货币最新排行榜公认的五大数字货币交易平台app排名
- 莱特币最终价格
- meme币怎么注册 meme币交易所注册教程(最新)
- 全球九大币圈交易平台排名2025 排名前9的交易平台都有哪些?
- 钱包协议omni-钱包协议erc20和trc20
- 10月31日财通多策略福享混合(LOF)净值增长0.02%,近3个月累计上涨16.82%
- 10月31日财通数字经济智选混合发起C净值增长0.86%,近3个月累计上涨12.77%
- 2010年中国人能买比特币吗
- 易欧app官网下载 views+
- 欧易app官方下载入口 views+
- 虚拟货币交易平台排名 views+
- oe交易所app下载 views+
- okx官方 views+
- okx网页版 views+
- 欧亿交易所怎么样。 views+
- 虚拟货币交易 views+
- 欧亿app官网正式版下载 views+
- 亿欧app下载 views+