Bitcoin State: Florida Pensions Take $1.85 Billion Leap Into Crypto

Quick Summary:

The state pension fund in Florida made a bold move to align itself with the vision of US President-elect Donald Trump for a strategic Bitcoin reserve.

Florida’s state officials announced that the pension fund will invest $1.85 billion worth of members’ contributions into Bitcoin to diversify its investment portfolio.

Charles Bobrinskoy of Ariel Investments argued that Bitcoin is a “momentum-driven bubble”, adding that it has an “unstable price” and does not have real value.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: HungaryUnited States

Topics: Btc Florida Btcusd Bitcoin Crypto News Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-09 @ 01:30:23 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 498 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 24250756

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 4 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 12 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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