Jersey City's Municipal Pension Plan to Invest in Bitcoin via ETFs

The municipal pension plan of Jersey City, New Jersey, is set to invest in bitcoin through exchange-traded funds, as announced by Mayor Steven Fulop on Thursday. This move is a significant step towards wider adoption of cryptocurrency, although the amount invested is not expected to be substantial. The decision follows a similar move made by a Wisconsin pension earlier this year, indicating growing hope for cryptocurrency's long-term prospects even among conservative professionals. Read more about this development in our article.