In a filing with the Securities and Exchange Commission this week, the State of Wisconsin Investment Board reported investments in spot Bitcoin ETFs from BlackRock and Grayscale.for Q1 2024, the $156 billion pension fund purchased $64 million worth of Grayscale’s GBTC, and $99.
Read the whole thread especially the part about liabilities. Every state is doing this math right now. And the disclosure yesterday by Wisconsin will now become part of those conversations.The comments come in response to member of the New Hampshire House of Representatives, Keith Ammon, extolling the virtues of Bitcoin investments earlier this week.
He added that hindsight was a great thing, but had the State of New Hampshire put just 5% of its 2016 “rainy day fund” into Bitcoin and held it, “that amount of BTC today would be worth nearly half a billion dollars, a 10,000% ROI.”on dollar devaluation on May 16, continued to say that New Hampshire has outstanding liabilities to the state pension system of $1.25 billion, asking how they could climb out of that hole.
In a separate post to X, Macro Scope said that Wisconsin’s disclosure was getting highlighted in industry publications before adding, “This will be widely discussed in the public and private investment sectors in coming weeks and months.”
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