Retirement Funds Starting to Buy Bitcoins Nasdaq Say

[(o)(o)ilikeboobs(o)(o)]

Given the increase in Bitcoin's value, withdrawing funds to buy them is a really good investment. I feel happy that social security funds take notice of Bitcoin. In the long run, there may be more Bitcoin-focused social institutions or countries that invest in Bitcoin.

[Kong Hey Pakboy]

Given the increase in Bitcoin's value, withdrawing funds to buy them is a really good investment. I feel happy that social security funds take notice of Bitcoin. In the long run, there may be more Bitcoin-focused social institutions or countries that invest in Bitcoin.

They could have done better and invested when bitcoin was still around 3 to 4 digit prices but I understand them that they don't see it back then as something that is profitable. It will be the only way for bitcoin because to progress, they have to touch every aspect of social and financial services.

[goldade]

It is super great that Nasdaq is planning retirement funds in bitcoin. This shows how fast and how well bitcoin is being adopted in the mainstream world. If they trust bitcoin enough to be used as retirement funds then it means that have come to see and realize the numerous benefits and advantages of bitcoin.
I, however, think the only issue here will be the volatility of bitcoin. As much as it possible that these retirement funds increase in value if there's an increase in the value of bitcoin which is good, it is also possible that they lose money if bitcoin is on a bearish run and in such case, many will lose money because they will panic sell

[concept2]

This is awesome and scary at the same time. A lot of huge companies are already trying to get a piece of the pie on large increments. Should there ever be a huge crash, we all know that these entities aren't as die-hard as most of us here, and would surely cut losses that'll send bitcoin into an even deeper pit.

Perhaps this is one of the chapters wherein bitcoin is really getting big and companies can no longer ignore bitcoin, and this is also that chapter wherein bitcoin is very fragile IMO.

Totally agree with your opinion. Too many big guys have joined the party and when its over, things will going to be tough. Bloodbath is inevitable.

But I still believe that there are companies willing to buy more bitcoin during dip. A huge sell-off must meet its qualified resistance that keeping it from going down rapidly, even though this incident might launch long term bear run in the cryptocurrency market. It is acceptable. What goes up must come down. Crypto market is currently in the midst of bubble, so it can explode at anytime it wants. So try to profit yourself more and more before the state of the market reverse

[Oasisman]

Given the increase in Bitcoin's value, withdrawing funds to buy them is a really good investment. I feel happy that social security funds take notice of Bitcoin. In the long run, there may be more Bitcoin-focused social institutions or countries that invest in Bitcoin.

They could have done better and invested when bitcoin was still around 3 to 4 digit prices but I understand them that they don't see it back then as something that is profitable. It will be the only way for bitcoin because to progress, they have to touch every aspect of social and financial services.

Well, just like the others they haven't expected Bitcoin to reach this far. If we only knew that Bitcoin could reach $60,000 in a span of more than 11 years, most of us might have been heavily invested when Btc was trading at 2 to 3 digit figure, and settled for retirement benefits.
Yet nobody knows. However, it's never too late to come into Bitcoin and plan for your retirement funds.

[Yatsan]

It is good that they at least put up into an engagement those retirement funds to try out the possibilities that it can attain with regards to putting it into Bitcoin. Well, 5% seems to be playing safe but it is just that fine since it seems like they are testing it if it will be good for long term application. It is at least good to try it out putting small part for Bitcoin engagement while assessing the scenario if it will be good for long term purpose. Well, it will gladly be good once things turns out to work into their favor for they might put things up trying to increase or just settle the percentage they are putting into Bitcoin.

[Peanutswar]

It's good to imagine if you got a bitcoin before it starts to the highest price right now if you see that the price when you make an investment which is on the lowest than 20k USD and then right now going upward again for the another all the high good to see your future with the Bitcoin. Again the market is volatile and I guess it's better to secure your funds until when you can hold your money we want to prevent losing up to secure our future if you have extra funds good to make bitcoin on your retirement times.

[Asuspawer09]

New Zealand retirement fund reportedly allocates 5% to Bitcoin
https://www.nasdaq.com/articles/new-zealand-fund-manager-puts-5-of-retirement-plans-assets-into-bitcoin%3A-report-2021-03-26

We all know how much money retirement funds have, so super good they starting buying, others will follow

This could actually be a good thing, it just the risk of the investment may be and if the person actually likes how it would turn out, or maybe they just don't like bitcoin.

5% is not bad at all and I think it's a good percentage because it's crypto and we know how the volatility works, we just don't know how this could affect the bitcoin or the market.

These companies are now into bitcoins and cryptocurrency so manipulations are definitely a thing in the future, for a retirement thing this could actually work most of the time for the long term.

[Imran232]

This is a huge news. Actually it shows the power of bitcoin. We all know that retired person when they got their pension they want something special where they can invest their pension and after that they will take their profit to live a peaceful life. Most of the we saw they use bank, some people’s choose real state or some people start a small shop. But they are coming in bitcoin platform it is a huge news for us. But at the same time it little bit scary to because lots of biggest company hold a huge amount of bitcoin. If they are trying to crush the market. Then it will be tough for them because they need a decent percentage of profit. But they can't give much time. Let's see what happen.