tldr; California’s $506 billion pension fund, CalPERS, is divided over Bitcoin investments. While it holds $165.9 million in MicroStrategy shares, indirectly exposing it to Bitcoin, board candidates expressed mixed views on direct crypto investments during a forum. Some opposed Bitcoin due to volatility and past financial disasters, while others acknowledged blockchain’s potential. The debate highlights tensions over crypto’s role in public pensions, with the November election set to influence CalPERS‘ future approach.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; California’s $506 billion pension fund, CalPERS, is divided over Bitcoin investments. While it holds $165.9 million in MicroStrategy shares, indirectly exposing it to Bitcoin, board candidates expressed mixed views on direct crypto investments during a forum. Some opposed Bitcoin due to volatility and past financial disasters, while others acknowledged blockchain’s potential. The debate highlights tensions over crypto’s role in public pensions, with the November election set to influence CalPERS‘ future approach.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.