Bitcoin returns “too significant to ignore” for world’s retirement plans

“Bitcoin now has a place at the table alongside gold, farmland and other alternative assets”— something unthinkable five years ago.

So, what did market observers say last week about this developing trend — if that is even what it is?“It’s huge news as GPIF is one of the largest sovereign wealth funds in the world. What they invest in tends to move markets,” Lucas Kiely, chief investment officer at Yield App, told Cointelegraph. “The Government Pension Investment Fund considering the inclusion of Bitcoin in its investment portfolio may indeed seem surprising at first glance, considering that pension funds are often characterized as conservative investors,” Cyril Pipaud, chief product officer at Scrypt — a Swiss financial services firm specializing in crypto assets — told Cointelegraph. But it isn’t entirely unexpected for three reasons.

More immediately, the U.S. SEC’s approval and successful debut of eleven Bitcoin ETFs “have increased their comfort level with the asset class,” said Pipaud. Still, pension funds are among the most cautious of institutional investors for a good reason: They are caretakers for people’s lifetime savings. “When it comes to federal guarantees and pensioners, we have to be cautious,” James Pinkerton, author of the forthcoming book,Kiely thinks pension managers will probably invest indirectly in the new asset class. “It is unlikely that we will ever see a situation where pension funds are investing directly in cryptocurrency.

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