On Opening Bid with Yahoo Finance Executive Editor Brian Sozzi, Benchmark Managing Director & Senior Research Analyst Mark Palmer explains how state pension funds in Michigan and Wisconsin have started buying spot bitcoin ETFs. Palmer points out that “you have a lot of under-funded pensions. Bitcoin is a non-correlated asset with a lot of potential upside. So adding a portion of the portfolio in the form of bitcoin makes sense.”
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This post was written by Rachael Lewis-Krisky, producer for Opening Bid.