Breaking News: Jersey City announces that a certain percentage of the pension fund will be allocated to the purchase of bitcoin.

Earlier, Steven Fulop, the mayor of Jersey City, the second largest city in New Jersey, announced that a certain percentage of the pension fund will be allocated to the purchase of bitcoin ETFs.

Jersey City has a population of 0.3 million people.

It is a commercial city where Forbes headquarters and large companies are based, and it is known for its high-rise buildings such as the Goldman Sachs Tower.