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Perhaps the most stunning revelation involves pension funds—historically conservative investors—beginning to allocate significant assets into Bitcoin. The Wisconsin Investment Board has disclosed holding almost $100 million in BlackRock's Spot Bitcoin ETF. This move is game-changing, signaling that even ultra-conservative pension funds recognize Bitcoin as a “hard, pristine asset” that can bridge pension shortfalls and de-risk their portfolios.
This move could set a precedent, prompting numerous other state pension funds—such as California’s KPERS, firemen, teachers, and police departments—to follow suit. The speaker predicts this institutional herd movement will significantly impact Bitcoin’s price and adoption landscape.