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Dr. John Donnellan Included as Subject Expert in Article on Bitcoin and Pension Portfolios
JERSEY CITY, N.J. | New Jersey City University (NJCU) professor Dr. John Donnellan, a Fulbright Scholar and the chair of NJCU’s Management Chair, is included as a subject expert in an NJ.com and Jersey Journal article entitled “Risky business? Fulop adding Bitcoin ETFs to Jersey City pension fund portfolio”.
The July 28, 2024 article was published by Joshua Rosario and explores the topic of the City of Jersey City’s decision to enter the cryptocurrency market by investing a piece of the city’s pension fund. The full article can be viewed here:
Dr. Donnellan, who is also NJCU’s Fulbright Liaison, was one of two faculty members interviewed for the story, saying Mayor Fulop has diminished risk to the city by investing in an ETF, which is regulated.
Donnellan says buying into an ETF is a “smart” way to diversify investments and provide a “nice bump” for the pension without a potential large loss. He said people are attracted to Bitcoin because “it is a non-sovereign nation currency” regulated “by the people.”
“The way I look at crypto ETF, just remove the word crypto, if I put energy or water ETF, who cares?” said Donnellan. “Nobody would mention anything. The minute you put in the word crypto there is a fear of the unknown because it is still not fully understood.”
Media seeking an NJCU faculty or staff member as a subject expert are encouraged to contact communications@NJCU.edu for assistance and guidance.
About NJCU:
New Jersey City University is a comprehensive public regional institution of higher learning located in Jersey City, N.J., dedicated to the development of our students, our city, our communities, and our state. We are a game-changing force for our students and have been recognized as one of the top colleges in the nation improving their upward economic mobility. In fact, NJCU has been ranked No. 1 in New Jersey and Top 10 in the nation in the CollegeNET Social Mobility Index for 2023. Whether enrolled in one of our undergraduate, graduate, or doctoral programs at our three locations, NJCU students have access to an affordable, diverse environment, and an exceptionally supportive faculty. This prepares them to go on to become the next generation of workers and leaders who improve their communities and the State of New Jersey.
Contact:
Ira Thor, Associate Vice President for University Communications | ithor@njcu.edu | 201-200-3301