$BTC #WhiteHouseCryptoSummit #USCryproReserve Crypto] can be very, very volatile. It can go up very quickly, and it can turn around and go down just as quickly,” Garrison said. “Switching from very safe investments that the state of Texas has today—like government bonds, index funds, hedge fund investments—to cryptocurrency is really increasing the risk in that portfolio.”
If the reserve is created, it will be overseen by the Texas Comptroller. A five-person advisory committee, including the comptroller, would advise on the management of this reserve.
