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:基金优选)
- ·费用计提是按含税数计提吗
- ·meme币官方app检测出恶意 meme币最新版下载链接有没有
- ·交易所自家社群-交易所自家社群怎么进
- ·涨停揭秘 | 国新文化首板涨停,封板资金1694.79万元
- ·OP Stack阵营迎来多个明星项目,Superchain已近60个成员,多家领豪华补贴
- ·金固股份收盘跌3.92%,主力资金净流出1.11亿元
- ·个税申报系统退付手续费会计分录
- ·10月31日嘉实瑞和两年持有期混合净值下跌0.24%,近1个月累计下跌3.03%
- ·小赢卡贷的现金贷怎么样?靠谱吗?
- ·汽车零部件行业31日主力净流出12.06亿元,跃岭股份、光洋股份居前
- ·比特币杠杆什么意思
- ·10月31日九泰锐丰灵活配置混合(LOF)A净值增长0.02%,近3个月累计上涨11.81%
- ·Bitwise Chief Investor: Regardless of who wins the election, the cryptocurrency market will rise, and ETH and altcoins are more susceptible to regulatory influence after the election
- ·10月31日汇添富年年泰定开混合C净值下跌0.18%,近1个月累计下跌0.63%
- ·供应链服务有限公司的经营范围是什么
- ·海通证券收盘跌0.67%,主力资金净流出2.27亿元
- ·10月31日天弘阿尔法优选混合A净值下跌0.49%,近1个月累计下跌3.77%
- ·10月31日汇添富大盘核心资产混合C净值下跌1.38%,近1个月累计下跌4.44%
- ·meme币交易中心手机端下载平台 meme币交易中心官方版
- ·精达股份收盘跌2.9%,主力资金净流出1.69亿元
- ·口子窖收盘跌1.1%,主力资金净流出7721.58万元
- ·思泉新材(301489.SZ):已与国内知名光伏储能客户建立合作关系,并已正式供货
- ·iota币价格非小号
- ·10月31日长城中小盘成长混合A净值增长0.26%,近3个月累计上涨14.25%
- ·办理职工医保需要走哪些手续?步骤是怎样的?
- ·10月31日长安鑫盈混合C净值下跌0.71%,近1个月累计上涨3.27%
- · 加密货币交易所
- · 全球三大虚拟货币交易平台
- · okx网页版
- · 数字货币交易所
- · 数字货币交易平台app
- · 十大虚拟货币交易平台app
- · 虚拟货币交易平台排名
- · 虚拟货币交易
- · 虚拟货币交易平台有哪些
- · 数字货币交易app