CoinVoice has recently learned that Jersey City, New Jersey, Mayor Steven Fulop announced on Thursday that the city’s pension fund will invest a certain percentage of its investments in Bitcoin exchange-traded funds (ETFs).

Fulop wrote on the social media platform X that Jersey City's pension fund is updating its documents with the SEC, similar to the pension fund in Wisconsin. The mayor estimates that the process will be completed by the end of the summer. Fulop said: "The question of whether cryptocurrencies and Bitcoin will continue to exist is basically over. Cryptocurrencies and Bitcoin have won. I have always believed in cryptocurrencies (experienced ups and downs), but in a broad sense, in addition to cryptocurrencies, I do believe that blockchain is one of the most important new technological innovations since the Internet." [Original link]