Rapidly evolving blockchain technology and growing interest in cryptocurrencies are beginning to have a significant impact on the financial strategies of public institutions.
On July 25, Mayor Stephen Fulop announced that the city was updating its Securities and Exchange Commission (SEC) filings to include Bitcoin ETFs in its pension investments, following the Wisconsin Pension Fund’s recent decision to allocate 2% of its assets to Bitcoin ETFs.
Shortly after the Jersey City mayor’s announcement that a portion of the city’s pension fund would be allocated to purchase a Bitcoin ETF, the state of Michigan also revealed its intentions, investing $6.6 million in the ARK ETF for its pension fund.
BREAKING: 🇺🇸 Michigan Retirement System has bought $6.6 million #Bitcoin through the ARK ETF.
✅ Wisconsin
✅ Michigan
✅ Jersey City— Bitcoin Archive (@BTC_Archive) July 26, 2024
Renowned crypto analyst Doctor Profit has made bold predictions about the Federal Reserve’s upcoming meeting on September 18.
In a recent interview, mathematician Fred Krueger discussed Bitcoin’s potential, viewing it as a groundbreaking force in finance.
A well-known critic of Bitcoin, Peter Schiff, has once again predicted a sharp decline in the cryptocurrency’s value, suggesting it could fall below $58,000.
Justin Sun, founder of Tron and a prominent figure in the cryptocurrency world, has voiced strong criticisms of Coinbase’s Bitcoin counterpart, cbBTC.