Consensus: "Exposure to Bitcoin, Isn't Bitcoin" -Jimmy Song
Also: Bitcoin is evolving. The evolution of Bitcoin and corporations, Wall Street, and Institutions wanting bitcoin is good
Caveat: "Learn about what you hold, and Learn it FAST. " -Jack Mallers
Hell of a Panel!
Fact: The Korean National Pension Service just recently crossed $1 Trillion in value
Fact: The Korean NPS holds 245,000 shares of $MSTR
Fact: The South Korean government's "2026 Economic Policy" is finalizing the approval of Spot Bitcoin ETFs.
What fact do you think is next?
Pension Board Members and Investment Side Advisors: the value in learning about Bitcoin, is that when your fund enters the space, and trust me, they have already or will enter the space, you will be equipped to best serve your plans participants
๐จ INSTITUTIONAL UPDATE: The next major pension buyer? Watch Ohio. ๐
House Bill 18 targets Section 742.11, legally clearing the way for the Ohio Police & Fire Pension Fund to allocate to #Bitcoin.
First they ignore it.
Then they legislate it.
Then they buy it. ๐
A year ago, millions around the world watched as fires wreaked havoc in Los Angeles.
Todayโs sermon in Church, reflected on the Pallisades Fire. It touched on the Epiphany, and the fact that God is present through our pain. It reminded me of this image I captured during the fires.
It also reminded me that as the flames went out, people picked each other up. People from everywhere. In droves. In my opinion, it was L.A.โs finest hour.
Last yearโs fires wonโt define Los Angeles. How we rebuild, what we become, will define this city.
That rebuild doesnt start at the polls in November. Itโs happening now. Block by block. Get involved!
๐จ INSTITUTIONAL WATCHLIST: US PENSION ADOPTION ๐บ๐ธ
Here is the current state of public pension exposure to Bitcoin and $MSTR as of Jan 10, 2026:
1๏ธโฃ NY State Common ๐ฝ
โข Asset: $MSTR
โข Size: $50M (Increased Position ๐ผ)
2๏ธโฃ Florida SBA ๐
โข Asset: Spot BTC / ETFs
โข Target: 10% Allocation (Bill 1039 Filed ๐)
3๏ธโฃ CalPERS (California) ๐ป
โข Asset: $MSTR
โข Size: $144M (Holding ๐)
4๏ธโฃ Jersey City ๐๏ธ
โข Asset: $IBIT / $FBTC
โข Target: 2% Allocation ( in progressโณ)
5๏ธโฃ State of Michigan ๐งค
โข Asset: $ARKB
โข Size: $6.6M+ (Active Buy ๐)
Donโt be surprised to see The State of Wisconsin Investment Board (SWIB), which previously exited its $163M position in early 2025 to take profits, file that they bought the dip in Q4
Slowly, then suddenly.
#Bitcoin #PensionFunds #MSTR
Almost 1 million in mailers to scare retirees and maintain board controlโฆ
The SEIU has full control of CalPERS and the legislators that oversee its appointments
In their Base Case, VanEck projects Bitcoin will reach $2.9 million per coin by 2050
Implying a 15% Compound Annual Growth Rate (CAGR) from currentย levels
Yes, ๐.๐. ๐๐๐ง๐ฌ๐ข๐จ๐ง ๐ ๐ฎ๐ง๐ ๐ฆ๐๐ง๐๐ ๐๐ซ๐ฌ ๐ฐ๐ข๐ฅ๐ฅ ๐ซ๐๐๐ ๐ญ๐ก๐ข๐ฌ, and yes they will start asking questions within their organizations
I anticipate we see a handful of pensions allocate to a Bitcoin ETF prior to the end of Q1
๐ CA BRIDGE TOLLS vs. WAGES (1986โ2026)
๐ผ๐ ๐ถ๐๐๐๐๐๐๐๐๐, ๐กโ๐ ๐๐๐ ๐ก ๐๐ ๐๐๐๐ ๐ ๐๐๐ ๐ ๏ฟฝ๏ฟฝ๏ฟฝ๐๐๐๐๐ โ๐๐ ๐๐๐๐ค๐ 3๐ฅ ๐๐๐ ๐ก๐๐ ๐กโ๐๐ ๐กโ๐ ๐๐ฃ๐๐๐๐๐ ๐๐๐ฆ๐โ๐๐๐.
๐ CA Annual Wage:
1986: $20,700
2026: $99,000
Growth: +378%
๐ State Bridge Tolls:
1986: $0.75
2026: $8.50
Growth: +1,033%
As of Jan 1st, tolls just hiked again
๐๐ธ
If your salary had kept pace with Bay Area bridge tolls since 1986, the average Californian would be making $230,000 a year right now.
#California #Inflation
As CalPERS (largest U.S. Pension) continues to take heat on its MSTR shares and Bitcoin exposure, the fund claps back.
The Bitcoin institutional cycle is maturing
๐ to Full Story ๐๐
The largest US Pension is taking heat๐ฅ
CalPERS reality check:
1. Itโs only a loss if they panic sell.
2. "Bitcoin by Proxy" adds 3rd party risk. You bought the company, not the asset.
Stop buying wrappers. Buy Spot.
Pensions need #Bitcoin education. ๐ง
Good catch.. new proposal to raise position limits on IBIT optons to 1 million contracts. They just raised the limit to 250,000 (from 25,000) in July. $IBIT is now the biggest bitcoin options market in the world by open interest.
Special Interests like the SEIU scared CalPERS voters into thinking our campaign wanted CalPERS to buy Bitcoin
Now your pension is investing in โcryptoโ through 3rd party managed funds, a strategy with arguably far more risk than holding bitcoin directly