Topic: Retirement Funds Starting to Buy Bitcoins Nasdaq Say (Read 397 times)
This is a huge news. Actually it shows the power of bitcoin. We all know that retired person when they got their pension they want something special where they can invest their pension and after that they will take their profit to live a peaceful life. Most of the we saw they use bank, some people’s choose real state or some people start a small shop. But they are coming in bitcoin platform it is a huge news for us. But at the same time it little bit scary to because lots of biggest company hold a huge amount of bitcoin. If they are trying to crush the market. Then it will be tough for them because they need a decent percentage of profit. But they can't give much time. Let's see what happen.
New Zealand retirement fund reportedly allocates 5% to Bitcoin
https://www.nasdaq.com/articles/new-zealand-fund-manager-puts-5-of-retirement-plans-assets-into-bitcoin%3A-report-2021-03-26
We all know how much money retirement funds have, so super good they starting buying, others will follow
https://www.nasdaq.com/articles/new-zealand-fund-manager-puts-5-of-retirement-plans-assets-into-bitcoin%3A-report-2021-03-26
We all know how much money retirement funds have, so super good they starting buying, others will follow
This could actually be a good thing, it just the risk of the investment may be and if the person actually likes how it would turn out, or maybe they just don't like bitcoin.
5% is not bad at all and I think it's a good percentage because it's crypto and we know how the volatility works, we just don't know how this could affect the bitcoin or the market.
These companies are now into bitcoins and cryptocurrency so manipulations are definitely a thing in the future, for a retirement thing this could actually work most of the time for the long term.
It's good to imagine if you got a bitcoin before it starts to the highest price right now if you see that the price when you make an investment which is on the lowest than 20k USD and then right now going upward again for the another all the high good to see your future with the Bitcoin. Again the market is volatile and I guess it's better to secure your funds until when you can hold your money we want to prevent losing up to secure our future if you have extra funds good to make bitcoin on your retirement times.
It is good that they at least put up into an engagement those retirement funds to try out the possibilities that it can attain with regards to putting it into Bitcoin. Well, 5% seems to be playing safe but it is just that fine since it seems like they are testing it if it will be good for long term application. It is at least good to try it out putting small part for Bitcoin engagement while assessing the scenario if it will be good for long term purpose. Well, it will gladly be good once things turns out to work into their favor for they might put things up trying to increase or just settle the percentage they are putting into Bitcoin.
Given the increase in Bitcoin's value, withdrawing funds to buy them is a really good investment. I feel happy that social security funds take notice of Bitcoin. In the long run, there may be more Bitcoin-focused social institutions or countries that invest in Bitcoin.
They could have done better and invested when bitcoin was still around 3 to 4 digit prices but I understand them that they don't see it back then as something that is profitable. It will be the only way for bitcoin because to progress, they have to touch every aspect of social and financial services.Well, just like the others they haven't expected Bitcoin to reach this far. If we only knew that Bitcoin could reach $60,000 in a span of more than 11 years, most of us might have been heavily invested when Btc was trading at 2 to 3 digit figure, and settled for retirement benefits.
Yet nobody knows. However, it's never too late to come into Bitcoin and plan for your retirement funds.
This is awesome and scary at the same time. A lot of huge companies are already trying to get a piece of the pie on large increments. Should there ever be a huge crash, we all know that these entities aren't as die-hard as most of us here, and would surely cut losses that'll send bitcoin into an even deeper pit.
Perhaps this is one of the chapters wherein bitcoin is really getting big and companies can no longer ignore bitcoin, and this is also that chapter wherein bitcoin is very fragile IMO.
Totally agree with your opinion. Too many big guys have joined the party and when its over, things will going to be tough. Bloodbath is inevitable. Perhaps this is one of the chapters wherein bitcoin is really getting big and companies can no longer ignore bitcoin, and this is also that chapter wherein bitcoin is very fragile IMO.
But I still believe that there are companies willing to buy more bitcoin during dip. A huge sell-off must meet its qualified resistance that keeping it from going down rapidly, even though this incident might launch long term bear run in the cryptocurrency market. It is acceptable. What goes up must come down. Crypto market is currently in the midst of bubble, so it can explode at anytime it wants. So try to profit yourself more and more before the state of the market reverse
It is super great that Nasdaq is planning retirement funds in bitcoin. This shows how fast and how well bitcoin is being adopted in the mainstream world. If they trust bitcoin enough to be used as retirement funds then it means that have come to see and realize the numerous benefits and advantages of bitcoin.
I, however, think the only issue here will be the volatility of bitcoin. As much as it possible that these retirement funds increase in value if there's an increase in the value of bitcoin which is good, it is also possible that they lose money if bitcoin is on a bearish run and in such case, many will lose money because they will panic sell
I, however, think the only issue here will be the volatility of bitcoin. As much as it possible that these retirement funds increase in value if there's an increase in the value of bitcoin which is good, it is also possible that they lose money if bitcoin is on a bearish run and in such case, many will lose money because they will panic sell
Given the increase in Bitcoin's value, withdrawing funds to buy them is a really good investment. I feel happy that social security funds take notice of Bitcoin. In the long run, there may be more Bitcoin-focused social institutions or countries that invest in Bitcoin.
They could have done better and invested when bitcoin was still around 3 to 4 digit prices but I understand them that they don't see it back then as something that is profitable. It will be the only way for bitcoin because to progress, they have to touch every aspect of social and financial services.
Given the increase in Bitcoin's value, withdrawing funds to buy them is a really good investment. I feel happy that social security funds take notice of Bitcoin. In the long run, there may be more Bitcoin-focused social institutions or countries that invest in Bitcoin.
On the one hand, it's good that retirement funds are buying Bitcoin because it means there's a shift in perception of Bitcoin. As far as I know, retirement funds aren't allowed to invest in anything they feel might be profitable; these investments must be considered low-risk because a lot is at stake here. So if they're starting to invest in Bitcoin, it means they are considering Bitcoin a pretty safe long-term investment. On the other hand, Bitcoin really isn't a safe investment because it's still very volatile, and playing around with something as important as retirement funds sounds very dangerous to me. Then again, if it's just 5%, I think it's a reasonable risk to take.
Retirement funds are usually reserved for the elderly, so I think it makes sense to spend 5% on Bitcoin.
Cryptocurrency and BTC markets are very volatile, it would be risky to invest too much in this market.
Cryptocurrency and BTC markets are very volatile, it would be risky to invest too much in this market.
We hoped for mass adoption to start bottom-up, but it seems like all these institutions are going to get into Bitcoin long before average joes. I actually don't see any problem here, but still it's a bit sad that it didn't go like Satoshi and early Bitcoin enthusiasts have hoped for.
It was obvious that these big time investment firms will jump into anything that could make them a profit and that is what we are seeing here, the casual adoption did not take place as everyone was waiting for the regulations to come into effect as far as i understand nor they are not too confident in investing in a volatile market but since the institutional investors started pumping the price there is no way the casual investor will be risking their money at this valuation. 
People starting to retire at old age, and yon know what it means? how are you sure some worker will disclose their keys to their kids, how will the recipient handle with their private key, this is a good development but actually will cause more complain about wallet inaccessibility. The old papas will certainly have reluctancy in keeping their keys I think so.
It does not literally mean that everyone will have their wallets, its more of the fund manager that handles the retirement funds allocate 5% of their investment in bitcoin to trade or to make it grew with bitcoin, some may go in investing in stocks or others. With this idea they can get all the possible markets that can gain profit. They sure to doit accordingly to trade well. Their fund manager should be good enough or such a risk taker to et involved their funds in crypto. 
Well if someone is putting all his hard earned money in bitcoin after retirement and that too at this high rate, I would say it's not a good choice. If someone is willing to put his money in bitcoin then he must wait for this bull run to be over. The moment of making such a decision does not seem very good to me, but who knows what the situation will look like in a few years.
People starting to retire at old age, and yon know what it means? how are you sure some worker will disclose their keys to their kids, how will the recipient handle with their private key, this is a good development but actually will cause more complain about wallet inaccessibility. The old papas will certainly have reluctancy in keeping their keys I think so.
New Zealand retirement fund reportedly allocates 5% to Bitcoin
https://www.nasdaq.com/articles/new-zealand-fund-manager-puts-5-of-retirement-plans-assets-into-bitcoin%3A-report-2021-03-26
We all know how much money retirement funds have, so super good they starting buying, others will follow
https://www.nasdaq.com/articles/new-zealand-fund-manager-puts-5-of-retirement-plans-assets-into-bitcoin%3A-report-2021-03-26
We all know how much money retirement funds have, so super good they starting buying, others will follow
"The KiwiSaver Growth Strategy Fund, which had NZ$350 million (US$244 million) in assets at the end of December, began investing in cryptocurrency in October, according to a company product disclosure document."
is it mean 5% from $244 million? it's more than $12 million then.
they began to invest in bitcoin in October, which means they are in profit now.
bitcoin price in October 2020 = $11-12K.
bitcoin price today = $55K.
so, +400% for that big amount of money?
I think that is good news, but I hope they know the risk of bitcoin so they do not have to worry or panic if the price is down and make a correction many times.
Although that is 5%, the funds are big, and hopefully, that can attract more investors to invest in bitcoin.
This year will be a good year for bitcoin and with the incoming of the new investor that can give more support for bitcoin to get more adoption from the people.
It could lift the price to increase and hopefully, that can break the new ATH.
Although that is 5%, the funds are big, and hopefully, that can attract more investors to invest in bitcoin.
This year will be a good year for bitcoin and with the incoming of the new investor that can give more support for bitcoin to get more adoption from the people.
It could lift the price to increase and hopefully, that can break the new ATH.
New Zealand retirement fund reportedly allocates 5% to Bitcoin
https://www.nasdaq.com/articles/new-zealand-fund-manager-puts-5-of-retirement-plans-assets-into-bitcoin%3A-report-2021-03-26
We all know how much money retirement funds have, so super good they starting buying, others will follow
This is good news for the cryptocurrency market, with more and more companies and institutions taking notice and accepting Bitcoin.https://www.nasdaq.com/articles/new-zealand-fund-manager-puts-5-of-retirement-plans-assets-into-bitcoin%3A-report-2021-03-26
We all know how much money retirement funds have, so super good they starting buying, others will follow
No doubt such news will make people more aware of the price of Bitcoin and make its price soar.
This should be in everyone's to do list, honestly it is the best idea than keeping them in a bank where they will not yield anything meaningful for the period they are kept,
I have also applied similar approach for my future plan, btc is for the future and what better way plan your future than to start buying btc bit by bit
Only if you really are risk taker wanted to risk your pension fund in a really volatile market, despite me liking bitcoin so much I won't risk the very important money like the pension fund and invest it into any volatile market, there's reason why crypto is considered high risk high return investment as well and I think you'll be fine if it's small portion and not big amount of your pension fund. in the news they mentioned 5% of money as they are trying to gain unusually more profit from this investment than the other without having too much risk it seems. I have also applied similar approach for my future plan, btc is for the future and what better way plan your future than to start buying btc bit by bit
I do not know if it is a good idea for retirement funds to invest in Crypto currencies. Yes, we all want big institutional investors to invest in Bitcoin, but do we want the "blood" on our hands of millions of pensioners.. if something goes wrong?
Bitcoin is still a very high risk investment and very volatile and people should never go "all in" with their savings and/or pension fund money. I know all investment companies lost a bit of momentum during the Covid pandemic, but they should caution not to take too much risk to make moves like this to recover.
Bitcoin is still a very high risk investment and very volatile and people should never go "all in" with their savings and/or pension fund money. I know all investment companies lost a bit of momentum during the Covid pandemic, but they should caution not to take too much risk to make moves like this to recover.
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