Bitcoin Investments on the Rise as Pension Funds Join the Trend
CryptoNewsTerminal Staff17 May, 2024
Bitcoin Investments on the Rise as Pension Funds Join the Trend
More Pension Funds Embrace Bitcoin Investments Pension funds are increasingly recognizing the potential of bitcoin as an investment asset. Anthony Scaramucci, founder of SkyBridge Capital, predicts an increase in the adoption of bitcoin by pension funds. "We're seeing more pension funds adding bitcoin to their portfolios," said Scaramucci. "The recent inclusion of a bitcoin futures ETF in the Wisconsin state retirement system demonstrates the growing institutional acceptance of cryptocurrency." This trend aligns with the rising demand for alternative investments and the search for diversification in retirement portfolios. Experts anticipate that additional states will follow Wisconsin's lead in incorporating bitcoin into their retirement system investments.
