Standard & Poor's: U.S. local governments are keen on investing in crypto, and pensions include cryptocurrencies.

Standard & Poor's (S&P) International Monetary Fund (S&P) released a cryptocurrency report on September 15 indicating that U.S. and state governments have expressed interest in cryptocurrencies. including cryptocurrencies in your investment portfolio.

Crypto-monnaie Standard & Poor's

At the start of this report, I said that the US Federal Reserve's policy of lowering interest rates has led to a sharp decline in investment in commodity earnings. Cryptocurrencies carry higher risks, but due to their higher return potential, many local government and USPublic Finance (USPF) advisers have expressed interest in investing in the crypto industry. currency and blockchain. The report says:The best cryptocurrency investment by 2020 will allow easy retirement and investment by local governments to include cryptocurrencies in their investment portfolio as Covid-19 is ubiquitous.

While last year's gains have drawn attention, Standard & Poor's believe investing in blockchain technology and cryptocurrencies could lead to risky loans. However, the statement also noted other assumptions that cryptocurrencies are not just for investing. The report says:The advantage of cryptocurrency is not only that it is used as an investment, but also because of the ease of converting electricity and lower costs compared to the existing average.

Cryptocurrency cases across the United States

In this report, Standard & Poor's lists examples of current cryptocurrency applications and investments in various regions of the United States, some of which are important below.

application:

Residents of Ohio can now pay their taxes in Bitcoin.

Williston in North Carolina currently accepts electronic payments as a cryptocurrency payment and wants to adopt more in the future.

California InterContinental University (Online University) accepts cryptocurrency courses.

Investments:

The New Jersey State Pension Plan has invested a small portion of its data in blockchain and digital companies.

Two large financial institutions in Fairfax, Va. Started investing in blockchain and Bitcoin technology, and they continued to improve their capital.

More recently, the general notion that cryptocurrencies are worthless is often compared to the Dutch tulip seed market bubble. However, over time, the crypto industry continues to introduce new applications and use more and more signals that the public wants to change. End of report information:The best cryptocurrency investment by 2020 will allow easy retirement and investment by local governments to include cryptocurrencies in their investment portfolio as Covid-19 is ubiquitous.