In October 2024, a UK pension scheme made a groundbreaking move by allocating £1.5 million—3% of its

In October 2024, a UK pension scheme made a groundbreaking move by allocating £1.5 million—3% of its £50 million portfolio—to Bitcoin. This marks the first instance of a UK pension fund investing directly in cryptocurrency. Key Points: * Direct Investment: Unlike traditional methods such as exchange-traded funds, the scheme holds Bitcoin directly in “cold storage,” ensuring enhanced security by keeping the assets offline. * Strategic Diversification: This move aims to diversify the pension’s portfolio, tapping into Bitcoin’s unique risk-return profile to potentially enhance long-term value for its members. Implications: This pioneering step reflects a growing acceptance of digital assets in traditional finance. It signals a shift towards embracing innovative investment strategies within the conservative pension sector. However, it also raises questions about the volatility and regulatory landscape of cryptocurrencies. As more pension funds consider similar allocations, the balance between potential returns and risks will be closely scrutinised. Source: Pensions Expert

Видео In October 2024, a UK pension scheme made a groundbreaking move by allocating £1.5 million—3% of its канала Abs Mechial