We've started mainstream adoption - Pension considers Bitcoin investment

[Possum577]

http://www.coindesk.com/canadian-pension-funds-venture-arm-exploring-bitcoin-investments/

I think we've started the phase of mainstream adoption - a pension fund in Canada has started considering Bitcoin as an investment. This is a huge deal. Pension funds don't invest in penny stocks, options, or generally speculative investments. If they're considering Bitcoin, they must believe there's some stability and longevity to the investment (pensions have to pay liabilities for decades!)

Very interesting...

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[RealBitcoin]

Yea i just tweeted that news earlier, it is a great news to see, but they will probably invest in bitcoin stocks, which is fair enough. The bitcoin companies generate demand (and due to big investments they are ultra competitive and easily destroy non-bitcoin competiors).

Imagine a bitcoin pizzeria that aquired 10 million dollar funding via a decentralized crowdfunding site. What other pizzeria you know that gets that much funding. Of course that pizzeria will smash their competitors with that funding, they can install LCD TV's inside their place and even jacuzzi to people.

I tell you guys, i`m more excited in the sense that bitcoin companies can gather billions of $ in funding, with this new type of crowdfunding like startcoin or whatever.



Now these penny stocks, could easily reach facebook market cap size soon. So I think the bitcoin/blockchain companies will be the next best investment in the planet.

Even when Cuba is allowing companies now, there are already bitcoin companies moving there offering bitcoin services to people.

It is just the beginning my friends. New billionaires will be born here.

[Possum577]

Yeah, it's an interesting time. There's all this news about venture investments and such but then there's still a lack of knowledge by every-day users and a lack of every-day places to spend bitcoin.

For instance, I emailed a friend this week about bitcoin and he said "I don't know much about it, what do I do with it?"

I also did a search in my area on businesses that accept bitcoin and most were bitcoin businesses or tech companies (website design firms and such.) Maybe the site I used for the search isn't accurate, but we need cafes, pubs, clothing stores to accept Bitcoin. I need to be able to walk down the main street with bitcoin burning a hole in my wallet and have places to spend it!

It guess the adoption comes slowly, despite the big bits of news. How long did it take for the internet to really become a mainstream thing? 10 years at least, right? (And I'm talking from when it was available to consumers, not Gov't or University use.)

[RustyNomad]

This is great news but what would be even greater news is if they start to do pension payouts in bitcoin.

Just imagine if a couple of large pension funds around the world start to do all their pension payouts in bitcoin. That would add a couple of million if not hundred million wallets into the ecosystem.

The moment that happens even more merchants will turn to bitcoin in order to capture the business from those pensioners so there will be a complete knock on effect in the industry.

[RealBitcoin]

This is great news but what would be even greater news is if they start to do pension payouts in bitcoin.

Just imagine if a couple of large pension funds around the world start to do all their pension payouts in bitcoin. That would add a couple of million if not hundred million wallets into the ecosystem.

The moment that happens even more merchants will turn to bitcoin in order to capture the business from those pensioners so there will be a complete knock on effect in the industry.

Well thats a bit tricky, since you cant buy food and basic necessities with bitcoin yet, and it dont think that would be wise thing to do, yet.

Pensioners are poor, and they dont want to see -20% of their pension evaporating due to current btc volatility. Plus they cant buy basic stuff like food, water, medicine and clothes like pensioners do.


In the future that might be different, but for now we need adoption in the 15-40 year age groups, who purchase the most stuff. Then we can deal with the old guys later. (of course i`m not countring rich whales who invest there, but those guys dont have a pension lol)

[randy8777]

it's definitely good news, but let's not get excited too quickly right now. they are just exploring the possibilities, which for bitcoin is a great achievement. at this point there are far too many negatives. i hope this isn't the last thing we hear from them regarding bitcoin.

[Swordsoffreedom]

http://www.coindesk.com/canadian-pension-funds-venture-arm-exploring-bitcoin-investments/

I think we've started the phase of mainstream adoption - a pension fund in Canada has started considering Bitcoin as an investment. This is a huge deal. Pension funds don't invest in penny stocks, options, or generally speculative investments. If they're considering Bitcoin, they must believe there's some stability and longevity to the investment (pensions have to pay liabilities for decades!)

Very interesting...

That is quite cool to hear
To think that Canadians will have more exciting possibilities in their pension fund than Americans (Sorry had to do a bit of ribbing)
Still its great to hear that they want to invest in the space and a little venture capital now could go a long way to their pension funds earnings tomorrow glad to hear the fund is managed well as they are looking at great opportunities in new spaces.

[tiggytomb]

This is good news, pensions allow to choose what risk level you would like so I would guess this would fall into the high risk level, I would definitely update my pension if this were available in my country and not just Canada.

[Amph]

it's definitely good news, but let's not get excited too quickly right now. they are just exploring the possibilities, which for bitcoin is a great achievement. at this point there are far too many negatives. i hope this isn't the last thing we hear from them regarding bitcoin.

not to mention it is only related to one country, until these kind of good news take the rest of the wrold with it, i won't see it as a really good news

i mean if my country isn't following this route why should i care? the same for all the others

[HarHarHar9965]

it's definitely good news, but let's not get excited too quickly right now. they are just exploring the possibilities, which for bitcoin is a great achievement. at this point there are far too many negatives. i hope this isn't the last thing we hear from them regarding bitcoin.

not to mention it is only related to one country, until these kind of good news take the rest of the wrold with it, i won't see it as a really good news

i mean if my country isn't following this route why should i care? the same for all the others

I however think that t does contribute to good press, a country showing support for bitcoin in terms of pension which a lifetime liability, I think it is worth getting happy about. People in Canada do get the best things after all, haha. The reason you should care even if your country isn't following is it proves that adoption is taking place. You will benefit from that, wouldn't you?

[BTChaintrader]

Pensioners are poor, and they dont want to see -20% of their pension evaporating due to current btc volatility. Plus they cant buy basic stuff like food, water, medicine and clothes like pensioners do.

Volatility is going down year to year basis, so we might see even poor people using it within 5-15 years.

[RealBitcoin]

Pensioners are poor, and they dont want to see -20% of their pension evaporating due to current btc volatility. Plus they cant buy basic stuff like food, water, medicine and clothes like pensioners do.

Volatility is going down year to year basis, so we might see even poor people using it within 5-15 years.

I know that, i did that research too. It might be faster than that, and it will definitely be a good pension investment if your risks are adjusted accordingly.

I think a bigger rise of volatility will come after the real big adoption will start, not to mention the speculative mania that can start if price breaks above 500$.

It definitely needs 3-4 years after the adoption phase to stabilize to be considered a life-savings graded investment.

Yet given how fragile the pension funds are today, i would be more worried of bail-ins rather than bitcoin volatility.

[Mickeyb]

You can't get but excited when you see news like this. Slowly but surely, this is my motto for a mass adoption. Well, I wouldn't call this a mass adoption yet, but the way is long and these are the steps we need to take in order to make it.

[BTChaintrader]

I know that, i did that research too. It might be faster than that, and it will definitely be a good pension investment if your risks are adjusted accordingly.

I think a bigger rise of volatility will come after the real big adoption will start, not to mention the speculative mania that can start if price breaks above 500$.

It definitely needs 3-4 years after the adoption phase to stabilize to be considered a life-savings graded investment.

Yet given how fragile the pension funds are today, i would be more worried of bail-ins rather than bitcoin volatility.

I can't imagine if the price breaks above 500$ with a momentum, for sure we will see another 1000+$ in the bitcoin markets.

Or if the big money from pension funds start coming into the market... wow!

[botany]

it's definitely good news, but let's not get excited too quickly right now. they are just exploring the possibilities, which for bitcoin is a great achievement. at this point there are far too many negatives. i hope this isn't the last thing we hear from them regarding bitcoin.

not to mention it is only related to one country, until these kind of good news take the rest of the wrold with it, i won't see it as a really good news

i mean if my country isn't following this route why should i care? the same for all the others

Pension funds have large amounts of cash and even if the pension fund of one country decides to invest, it is good news. But then again, they are looking at investments in bitcoin and blockchain companies, not Bitcoin.

[HarHarHar9965]

it's definitely good news, but let's not get excited too quickly right now. they are just exploring the possibilities, which for bitcoin is a great achievement. at this point there are far too many negatives. i hope this isn't the last thing we hear from them regarding bitcoin.

not to mention it is only related to one country, until these kind of good news take the rest of the wrold with it, i won't see it as a really good news

i mean if my country isn't following this route why should i care? the same for all the others

Pension funds have large amounts of cash and even if the pension fund of one country decides to invest, it is good news. But then again, they are looking at investments in bitcoin and blockchain companies, not Bitcoin.

why would you expect a pension fund to invest in bitcoin, they however do seem to take interest in block chain related ventures and bitcoin related companies for investment, which will also result in more bitcoin trade than before, more fiat exchanged for bitcoin which also increases the price of bitcoin and also serves as positive media about bitcoin

[qiwoman2]

I would think that using Bitcoin for a pension fund would be great and maybe also if younger people were also taking a little bit of their income and putting it into bitcoin even between 2-5% that would generate huge interest and also a nice price increase for bitcoin holders over the short to medium term.   

[edward222]

Bitcoin is really a good investment for me.
Bitcoin is like gold, as times goes by, the value goes high.
But its just, so hard to find these coins 

[HeroCat]

One pension fund from Canada is only one fund, if let say many pension funds start to consider BTC market, it would be much better 

[dothebeats]

One pension fund from Canada is only one fund, if let say many pension funds start to consider BTC market, it would be much better 

But do keep in mind that if a party opted to consider using bitcoin, many others would soon follow. At least we're gaining traction even though a single party only started this kind of decision.

[Amph]

it's definitely good news, but let's not get excited too quickly right now. they are just exploring the possibilities, which for bitcoin is a great achievement. at this point there are far too many negatives. i hope this isn't the last thing we hear from them regarding bitcoin.

not to mention it is only related to one country, until these kind of good news take the rest of the wrold with it, i won't see it as a really good news

i mean if my country isn't following this route why should i care? the same for all the others

I however think that t does contribute to good press, a country showing support for bitcoin in terms of pension which a lifetime liability, I think it is worth getting happy about. People in Canada do get the best things after all, haha. The reason you should care even if your country isn't following is it proves that adoption is taking place. You will benefit from that, wouldn't you?

the problem is that i'm in euro, so unless the whole euro center follow this route a simply country of the union has not much power to do anything(what he decide does not matter to the Euro court, which is the ultimate judgment here), one can only hope in the end

[goosoodude]

It's a nice dream, but since it's only being considered as an option - i wouldn't celebrate just yet. Other than that, it's one of those things that gives bitcoin slow
but increasing support, and rises the price over the time, since pension funds would generally just buy and hodl, leaving less bitcoins on exchanges.
Sure hope it gets rolling in the end, but i'm not sure they would have much users, since many people don't like making risks when it's their pension funds and future in question.

[RealBitcoin]

I know that, i did that research too. It might be faster than that, and it will definitely be a good pension investment if your risks are adjusted accordingly.

I think a bigger rise of volatility will come after the real big adoption will start, not to mention the speculative mania that can start if price breaks above 500$.

It definitely needs 3-4 years after the adoption phase to stabilize to be considered a life-savings graded investment.

Yet given how fragile the pension funds are today, i would be more worried of bail-ins rather than bitcoin volatility.

I can't imagine if the price breaks above 500$ with a momentum, for sure we will see another 1000+$ in the bitcoin markets.

Or if the big money from pension funds start coming into the market... wow!

It will but I dont know when.

There needs to be a trigger thats for sure. Greece was not enough, since greeks people dont speak english and dont have that high tech skills.

Maybe the chinese calamity will boost bitcoin, the chinese guys are more investment orienters and opportunists and tech guys.

I think big waves of money will come from China, because those guys have alot of savings ready to be put in bitcoin.

[pitham1]

... since pension funds would generally just buy and hodl, leaving less bitcoins on exchanges.

Reality Check : The venture arm of a major Canadian pension fund is reportedly looking at making investments in bitcoin and blockchain startups.

There won't be any investments in bitcoins (which are way too risky). So no buy and hold strategy either.

[jlauzon]

Pensioners are not inherently poor. Maybe in Canada - I don't know.

I hope this is a legitimate story and BTC starts to gain credibility though.