Pension Funds Are Investing in Bitcoin

[LNN]

NZ Fund’s KiwiSaver Growth Strategy fund, which had investments worth just over $350 million at the end of December, had around 5 per cent of its money in bitcoin, Grigor said.

that's around 17.5m they've invested in bitcoin in case you are wondering....

[LNN]

New Zealand's KiwiSaver Growth Strategy Fund has invested 5% of its money in bitcoin. The fund's chief investment officer, James Grigor, said he expects competitors to follow suit over the next five years. The NZ$350 million (US$244 million) fund first began investing in cryptocurrency in October 2020.

[LNN]

Global Pension Fund Assets = $52 Trillion

A 2% allocation to #Bitcoin would be $1.04 Trillion.

More than the current Bitcoin market cap!

[TheWorldNewsOrg]

THE HOUSTON FIREFIGHTERS’ RELIEF AND RETIREMENT FUND, WHICH HAS OVER $4 BILLION OF ASSETS, SAID IT INVESTED $25 MILLION IN BITCOIN AND ETHER THROUGH NYDIG

[TheWorldNewsOrg]

Bitcoin is a non-correlated, asymmetric asset that would allow a pension fund to make a small allocation, while still having an outsized impact on the portfolio. This was true when bitcoin was around $3,500 and it is true when bitcoin is trading around $65,000 today.