Reported 13 days ago
Florida lawmakers are proposing a bill that would allow state pension funds to invest up to 10% of their assets in bitcoin and cryptocurrency exchange-traded funds (ETFs). Led by CFO Jimmy Patronis, this initiative aims to diversify investments and provide potential long-term protection against inflation and market volatility. While the move reflects a shift from traditional investment strategies, it raises concerns about the risks associated with crypto markets, prompting careful management and oversight to protect state employee pensions.
Source: YAHOO