Bitcoin only for Pension Funds A good fit, perfect type of long term investor meets perfect type of investment asset that will go up in value over the long term albeit short term volatility
%% Good points but watch out for the exceptions\fatal flaws\LOL 1]I actually believe mr Thorpe won a bit in a casionO\that's why his brakes got ruined before he dove\i mean drove faster than he intended\ down a mountain. 6.66] Believe it or not i small sample asked a lotto ''player'' in the MRO gas station ''ever won anything??'' He says NO but i came close/LOL a lot,, 6.66 again] Believe it or not i did find one lotto winner\ Readers Digest + cops caught him + his family\friends . Computer guy worked for the state. He also ''won'' a free stay in the pen, longer than Martha Stewart.................................................... But like the good lookin ex con Martha stewart says in her book; ''telescope + microscope''
They over-allocated into a highly speculative asset (which was known then to be a highly speculative asset) and now suffered a huge drawdown. 1-2% fine, but 7%? They nuts.
Not so: Pension funds should invest in very conservative vehicles, not in new, & thus more risky areas.
The fund mentioned was quoted in a separate article a little earlier this year as being up 350% overall on their crypto investments even in the face of a 50% downturn this year, and that's primarily because they have been investing a small portion of pension funds in cryptos for over five years already.