This is interesting. I hadnt heard about these but this is huge money if it starts rolling in.
This could open the door to trillions of dollars heading into cryptocurrency.
Exciting to see.
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This is interesting. I hadnt heard about these but this is huge money if it starts rolling in.
This could open the door to trillions of dollars heading into cryptocurrency.
Exciting to see.
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That is amazing. I remember talking about the fact that $1T market cap is where Bitcoin needs to be in order to open the doors to some of these huge-money pension funds to be able to invest. Apparently it's close enough. :-)
Massive amounts of money in these things so if they start putting in their 1-2%, things could really go nuts over the next few months.
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The amount of money in pension funds is sick. Plus, they need to generate a return since, even with a record stock market, they are still barely 70% funded.
I am not sure what the level is but that $1 trillion can easily move to $2 trillion with a bit of a bull run. The Pension funds can offer that incentive.
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That's very nice! I didn't know they could do that but I hope they get approval
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Well considering how mismanaged pension funds are, I think its a good idea. Rather than throwing money at some investment firm that takes a cut for every transaction, just throw it in BTC that has generally gone up over time is a better choice.
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Plus the returns will likely be much better over the long term.
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