**Michigan Government Buys Bitcoin for Pension Funds!**
- The Michigan government just disclosed a $6.6 million allocation to a Bitcoin ETF in their Form-13F report. 🎉
- This first investment was made through the Ark 21Shares Bitcoin ETF, which is the fourth largest Bitcoin ETF in the US.
- Although only 0.004% of the pension fund's total assets of $143.9 billion, this move shows Michigan is "off zero" in Bitcoin investments.
- Michigan becomes the second state after Wisconsin to allocate pension funds to Bitcoin.
- Jersey Mayor Steven Fulop also announced a similar plan with a 2% allocation of pension fund assets to Bitcoin.
What do you think? Is this the right step? Comment below!