WSJ reported to maintain the interest of pension funds in bitcoin

Pension funds retain bull mood regarding investment in digital assets, despite a significant rollback of quotations. About this writes The Wall Street Journal.

The publication noted that in cryptosim conditions, many managers were faced with a choice – https://gagarin.news/news/parfin-gnosis-safe-hex-trust-and-gk-8-in-business-meta-mask-expands-offer-for-customers-due-to-new-partners/ to increase their investments or close positions.

At the Pension Fund of teachers of California (USA), risk parameters were called unacceptable for the acquisition of cryptocurrency.

The Texas (USA) did not lose optimism in the Houston Firefighted Fund and Pension Support of Firefighters. The structure invested $ 25 million in Bitcoin and Ethereum in October 2021, to the present moment the investment depreciated by half.

“The volatility was expected”, – said the head of the Foundation Adig Singh.

A similar opinion is held in the Pension Fund of police district Faerfax (Virginia, USA).

“The expected profitability has grown now. Some investors are afraid of investments, given the cryptosim that we experienced“, – explained Katherine Molnar, head of the investment department of the structure.

In July 2022, pension funds of police officers and employees of the Faerfax district invested $ 35 million in the Vaneck crypto fund.

For the first time, these structures became interested in digital assets in 2019, in total, investing $ 21 million in the Morgan Creek cryptophone. As of June 30, the balance cost of investment increased four times.

Recall that in May 2022, the Republican Senator Tommy Tuberville from Alabama submitted a bill allowing US citizens to add cryptocurrency to funded pension accounts 401 (K).

Earlier, Fidelity Investments announced the service to provide customers with the possibility of accumulating bitcoins in such products.

Later it became known that the company’s plans were concerned about the US Ministry of Labor, as well as Senators Elizabeth Warren and Tina Smith.

In 2020, in the United States, pension plans with investment in the first cryptocurrency were offered by DAIM, as well as Bitwage with Gemini.

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