The California legislator supports bitcoiners for 500 billion US dollars Pension Board
The Californian legislators supported Bitcoin -community -coaster Dom in his campaign for a seat on the board of the California public employees ” Retirement System (Calpers).
Calpers supervises a massive pension fund of 500 billion US dollars that operates over 2 million pensioners from the public sector. In the election, BI would be the first open-bitcoin voice in the 13-member board.
At is a 16-year-old experienced firefighter who founded the workforce, a non-profit organization that offers workers, unions and pension funds Bitcoin formation. Previously, he was in the Santa Monica pension counseling board and played a key role in the city’s fire brigade union and was one of the first to hold Bitcoin.
Through his public relations work, BI supported several unions, associations and pensions in researching and introducing Bitcoin strategies. This includes the instructions of educational efforts for the Wisconsin Retirement System.
He explained: “Now the pension participants and the stakeholders have to get in touch with their pension funds more than ever. I know myself for the Calpers curatorium with the aim of being a management amount for commitment and transparency, while I work for the long -term health and success of the country’s largest pension fund. ”
He received confirmations from a large number of supporters, including the Senator Ben Allen, Tony Vazquez of the Californian state of California, Mayor of Santa Monica, the mayor of Vancouver, Ken Sim, President of the Santa Monica Firefighters Local 1109 Garrett Childer and others. This diverse coalition shows the broad attraction of the message and qualifications.
With his traditional 60/40 portfolio allocation towards the headwind, Calpers faces herself opposite the headwind, which has to struggle in inflation and rising interest rates. At the end of August at the end of August, Bitcoin references could take advantage of the public workforce of California to get new strategies to support their pension security.
On his campaign website, donations accept both Fiat and Bitcoin.
