British Pensioners Invest in Bitcoin
For the first time in the history of the UK, a pension fund has invested directly in Bitcoin. And not just invested, but did it very aggressively - 3% of all assets. For comparison: American pension funds usually limit themselves to 0.1%.
What makes this news really important:
- The fund bought Bitcoin itself, not an ETF or other derivatives.
- For security, the private key is divided between five independent organizations.
- Cartwright is also launching a program to pay salaries in Bitcoin.
This move by a British pension fund could mark the beginning of a new era in institutional investing. If the experiment is successful, we may see a wave of similar decisions from other conservative investors.
The investment of a British pension fund in Bitcoin is more than just news. It is a sign that cryptocurrencies are beginning to be perceived as a legitimate asset class even by the most conservative financial institutions. We may be witnessing the beginning of a new chapter in the history of institutional adoption of cryptocurrencies.
#Bitcoin #cryptocurrencies #UK #news #investments

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