New Zealand Pension Fund Allocates 5% to Bitcoin
Fernando Alberca | bottom KiwiSaver Growth Strategy, which manages $350 million retirement plans, has allocated 5% of its portfolio to bitcoin, as reported by New Zealand’s Stuff News Agency. The pension fund started investing in crypto assets in October 2020, so This first purchase has already increased to 600% in just six months.
In the opinion of James Gregor, chief investment officer at New Zealand Funds Management, operator of the KiwiSaver Growth Strategy Fund, “If investing in gold sounds right to you, you can’t rule out bitcoin”. In fact, Grigor decided to include bitcoin in more investment products for his company.
Gregor also explained that the Pension Fund KiwiSaver is “built mostly on traditional assets,” but Note that “If an Opportunity Like Bitcoin Comes Up, It Shouldn’t Be Missed”. Because it’s an asset class that can “help people get the best retirement possible,” thanks to Big Revaluation Potential for Bitcoin.
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