Pension Fund in South Korea has made an indirect investment in cryptocurrency exchanges.
National pension Fund of South Korea (NPS) has invested 2.6 billion won (about $2.5 million) in exchange cryptocurrency Upbit, Bithumb, Coinplug and Korbit through venture capital funds.
The question of a pension is also a crypt will pay?
I don't think so, still don't believe a grandpas and grandmas are going to use cryptocurrency. I bet they'll be paid in wons or dollars.National pension Fund of South Korea (NPS) has invested 2.6 billion won (about $2.5 million) in exchange cryptocurrency Upbit, Bithumb, Coinplug and Korbit through venture capital funds.
The question of a pension is also a crypt will pay?
Assuming those coins will sky-rocket at some point, will those grandpas be given huge pensions?
I think this is the real case here, who will gather all the real profit? I'm more than sure that those elders will get forgotten, money will go to CEO's and higher level management, as well as politicians... grandpas will be left with "good old" social standards.
And when those coins get to the bottom, guess who's gonna be left with absolute zero...
This is how it is with national foundations, profits get personalised and losses nationalised.