It is really interesting that at last some pension funds have wet their feet in cryptocurrency investing. Someone is going to be very happy or very pissed off in the future. What do you think of this? It is really a breakthrough for crypto as an investment?
Source: https://www.bloomberg.com/news/articles/2019-02-12/first-u-s-pension-funds-take-the-plunge-on-crypto-investing
Source: https://www.bloomberg.com/news/articles/2019-02-12/first-u-s-pension-funds-take-the-plunge-on-crypto-investing
A lot of blockchain related start ups are going to be happy because a major percentage of these funds are going to be invested in those companies. Only a minor percentage will be invested in liquid cryptos. That makes complete sense because pension fund is a serious money and a lot of people are dependent on it. So investing completely in liquid crypto assets will be very risky. Rather it is somewhat safer to invest in the equities of blockchain companies.
Hope this investment effort will be an eye opener for a lot of market regulators who are still skeptical about cryptos.
I agree with that. It believe it is not yet the right time to invest all your pension funds to liquid crypto assets. A very risky and very volatile investments. People are depending on it. So handling this kind of money is no joke at all. But, setting a small percentage might do the trick.
