Retirement Funds Starting to Buy Bitcoins Nasdaq Say

[Rengga Jati]

This is good progress where now many more companies, institutions, and also parties have been interested in putting their money into Bitcoin.
And this may be true, will be followed by others if they make a bigger change on Bitcoin adoption.
Although it is 5%, this is also good starting at least they believe in Bitcoin as an asset for future, for investment, not only Gold that makes them worthy and interested.

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

But I am also thinking about it, if other companies are also starred to follow this way, will they be only in hype?
I mean, today, Bitcoin is likely in a big hype where the price of Bitcoin has been increasing so significantly multiple times bigger than last year. And when the price drops after this bullish era, what will happen to them, because sometimes, they only follow the hype and not really know about how Bitcoin mechanism. And this may also make little bit shocking condition or panic situation for them. When they panic sells all Bitcoin that they have, I cannot imagine the influence on the amrket.
But hopefully, this is not.

[hatshepsut93]

We hoped for mass adoption to start bottom-up, but it seems like all these institutions are going to get into Bitcoin long before average joes. I actually don't see any problem here, but still it's a bit sad that it didn't go like Satoshi and early Bitcoin enthusiasts have hoped for.

[7788bitcoin]

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

It would be super cool if they have invested when the price was low, since these are retirement funds it is kind of scary and these fund managers might not end up taking the right decision all the time. I will not suggest anyone to hold bitcoin when the price is rallying at an all time high valuation and i have no idea why everyone is suggesting to invest when the price is on a bull market and not retirement funds at this price.

[Russlenat]

5% allocation for retirement is not that risky, as long as they understand the risk, it's always worth a shot.

Not sure how they'll act during the bear market as 99% that time will come, but hopefully that would not affect their future as they made a decision during the bullish market, things could be different during the bear market especially if it will take too long before the market will start to recover again.

[sheenshane]

5% allocation for retirement is not that risky, as long as they understand the risk, it's always worth a shot.

That's good input!

In fact, if you will look at the previous price of Bitcoin back then until now, you will see that there is a great improvement and the Bitcoin price was increased at the end even how volatile it is.  It will probably do the same in the future, though there's no infinite growth but as you can see Bitcoin always ends up having a new ATH.  So, therefore, no doubt Bitcoin is good for the retirement fund plan.  

There's always a basic law of Bitcoin, the demand and supply that makes Bitcoin becomes expensive, the more people have an awareness of this technology the more adoption we can get and it will vary the price in the market.

[MCobian]

We know the price of Bitcoin is very volatile, this is what makes Bitcoin a high risk asset. However, allocating only 5% of the pension fund seems
safe to do so. Especially if Bitcoin continues to experience price increases, this will be very profitable. There are many positive news about
Bitcoin nowadays, this is why the Bitcoin price continues to rise. Hopefully what New Zealand does is followed by other countries, because it is very
nice to know that many parties are starting to buy Bitcoin right now.

[Zilon]

This is a sure future security. As a salary earner or an investor it is critical to invest in coin generally most especially bitcoin investment. Most salary earners end up without any legacy or plans for the future what so ever. It is highly adviceable to invest on coins to secure and account for days of retirement and joblessness.

Although most go into other forms of investment during active days in service but in our present day society it would be adviced to acquire coins because on the long run it would appreciate and add value which could serve as a security in the future

[Anonylz]

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 should be in everyone's to do list, honestly it is the best idea than keeping them in a bank where they will not yield anything meaningful for the period they are kept,
I have also applied similar approach for my future plan, btc is for the future and what better way plan your future than to start buying btc bit by bit

[acener]

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 should be in everyone's to do list, honestly it is the best idea than keeping them in a bank where they will not yield anything meaningful for the period they are kept,
I have also applied similar approach for my future plan, btc is for the future and what better way plan your future than to start buying btc bit by bit

Even though I agree with you but in reality is it really a great idea?
We don't know for sure if Bitcoin would go up or down in the future so what if they are buying it at a high price and then the price collapse for whatever reason?
I just think that something that great should really be secured not on risk on decreasing their saving.
But it is up to those who would take that plan and we all have different plan in life I just hope that we all succeed.

[Kakmakr]

I do not know if it is a good idea for retirement funds to invest in Crypto currencies. Yes, we all want big institutional investors to invest in Bitcoin, but do we want the "blood" on our hands of millions of pensioners.. if something goes wrong?

Bitcoin is still a very high risk investment and very volatile and people should never go "all in" with their savings and/or pension fund money. I know all investment companies lost a bit of momentum during the Covid pandemic, but they should caution not to take too much risk to make moves like this to recover. 

[bittick]

This should be in everyone's to do list, honestly it is the best idea than keeping them in a bank where they will not yield anything meaningful for the period they are kept,
I have also applied similar approach for my future plan, btc is for the future and what better way plan your future than to start buying btc bit by bit

Only if you really are risk taker wanted to risk your pension fund in a really volatile market, despite me liking bitcoin so much I won't risk the very important money like the pension fund and invest it into any volatile market, there's reason why crypto is considered high risk high return investment as well and I think you'll be fine if it's small portion and not big amount of your pension fund. in the news they mentioned 5% of money as they are trying to gain unusually more profit from this investment than the other without having too much risk it seems.

[xZork]

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 is good news for the cryptocurrency market, with more and more companies and institutions taking notice and accepting Bitcoin.
No doubt such news will make people more aware of the price of Bitcoin and make its price soar.

[traderethereum]

I think that is good news, but I hope they know the risk of bitcoin so they do not have to worry or panic if the price is down and make a correction many times.
Although that is 5%, the funds are big, and hopefully, that can attract more investors to invest in bitcoin.
This year will be a good year for bitcoin and with the incoming of the new investor that can give more support for bitcoin to get more adoption from the people.
It could lift the price to increase and hopefully, that can break the new ATH.

[TedMosby]

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

"The KiwiSaver Growth Strategy Fund, which had NZ$350 million (US$244 million) in assets at the end of December, began investing in cryptocurrency in October, according to a company product disclosure document."

is it mean 5% from $244 million? it's more than $12 million then.
they began to invest in bitcoin in October, which means they are in profit now.
bitcoin price in October 2020 = $11-12K.
bitcoin price today = $55K.
so, +400% for that big amount of money? 

[Lordhermes]

People starting to retire at old age, and yon know what it means? how are you sure some worker will disclose their keys to their kids, how will the recipient handle with their private key, this is a good development but actually will cause more complain about wallet inaccessibility. The old papas will certainly have reluctancy in keeping their keys I think so.

[bitgov]

Well if someone is putting all his hard earned money in bitcoin after retirement and that too at this high rate, I would say it's not a good choice.  If someone is willing to put his money in bitcoin then he must wait for this bull run to be over. The moment of making such a decision does not seem very good to me, but who knows what the situation will look like in a few years.

[dimonstration]

People starting to retire at old age, and yon know what it means? how are you sure some worker will disclose their keys to their kids, how will the recipient handle with their private key, this is a good development but actually will cause more complain about wallet inaccessibility. The old papas will certainly have reluctancy in keeping their keys I think so.

It does not literally mean that everyone will have their wallets, its more of the fund manager that handles the retirement funds allocate 5% of their investment in bitcoin to trade or to make it grew with bitcoin, some may go in investing in stocks or others. With this idea they can get all the possible markets that can gain profit. They sure to doit accordingly to trade well. Their fund manager should be good enough or such a risk taker to et involved their funds in crypto.

[7788bitcoin]

We hoped for mass adoption to start bottom-up, but it seems like all these institutions are going to get into Bitcoin long before average joes. I actually don't see any problem here, but still it's a bit sad that it didn't go like Satoshi and early Bitcoin enthusiasts have hoped for.

It was obvious that these big time investment firms will jump into anything that could make them a profit and that is what we are seeing here, the casual adoption did not take place as everyone was waiting for the regulations to come into effect as far as i understand nor they are not too confident in investing in a volatile market but since the institutional investors started pumping the price there is no way the casual investor will be risking their money at this valuation.

[J1mb0]

Retirement funds are usually reserved for the elderly, so I think it makes sense to spend 5% on Bitcoin.
Cryptocurrency and BTC markets are very volatile, it would be risky to invest too much in this market.

[kryptqnick]

On the one hand, it's good that retirement funds are buying Bitcoin because it means there's a shift in perception of Bitcoin. As far as I know, retirement funds aren't allowed to invest in anything they feel might be profitable; these investments must be considered low-risk because a lot is at stake here. So if they're starting to invest in Bitcoin, it means they are considering Bitcoin a pretty safe long-term investment. On the other hand, Bitcoin really isn't a safe investment because it's still very volatile, and playing around with something as important as retirement funds sounds very dangerous to me. Then again, if it's just 5%, I think it's a reasonable risk to take.