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:创业研究)
- ·22英寸到底是多少厘米?22英寸等于多少厘米
- ·一招查手机‘生日’简单又靠谱!如何查看手机出厂日期
- ·比特币十大安全的交易平台 中国比特币交易平台app都有哪些?
- ·Gate.io下载链接是哪个 交易平台app下载官网
- ·脾虚老不好?这份健脾指南请收好!如何健脾
- ·广哈通信收盘跌0.57%,主力资金净流出2752.32万元
- ·Add是啥意思?一文搞懂!add是什么意思
- ·依顿电子收盘涨1.03%,主力资金净流出3037.02万元
- ·芝麻开门gate交易所APP官网下载(2025最新版)
- ·铁路基建概念31日主力净流出8.93亿元,海能达、京沪高铁居前
- ·广西农家乐哪里好玩-广西农家乐哪里好玩的
- ·纯牛奶啥时候喝最合适?纯牛奶什么时候喝最好
- ·舟山花鸟市场在哪里-舟山花鸟市场在哪里啊
- ·外汇交易分析软件排名 领航外汇 怎么样可靠吗?
- ·炒币跟**台排名前十的_世界货币排行前10名国家货币
- ·十大虚拟货币交易平台排行 做合约最好的交易所TOP榜
- · 欧易开户
- · okcoin交易平台
- · okb交易所官网
- · 欧易app官方下载入口
- · 数字货币交易app
- · okx交易所app官网链接
- · 欧易最新版本
- · okx交易所app官网
- · 亿欧交易所下载
- · 欧亿app官网正式版下载