Growing Interest and Legislative Moves
The bitcoin-friendly administration of President-elect , along with a powerful lobbying effort, is pushing states toward more crypto-friendly policies, potentially leading public pension funds and treasuries to invest in cryptocurrency.
Legislation aiming to make states more open to cryptocurrency is expected, with a notable bill in 's House of Representatives seeking to authorize the state's treasurer and public pension funds to invest in bitcoin.
Concerns and Cautions
Critics highlight the significant risks of crypto investments, labeling them as highly speculative with no standard approach for projecting future returns, and warn investors to be prepared for potential losses.
Despite the growing interest, experts like Keith Brainard from the National Association of State Retirement Administrators doubt public pension funds will invest in cryptocurrency, citing its short track record and high volatility.