Post
Topic
Board Bitcoin Discussion
Re: Pension funds bringing money to Bitcoin.
by
Xising
on 27/03/2019, 06:15:03 UTC
It is really interesting that at last some pension funds have wet their feet in cryptocurrency investing. Someone is going to be very happy or very pissed off in the future. What do you think of this? It is really a breakthrough for crypto as an investment?
Source: https://www.bloomberg.com/news/articles/2019-02-12/first-u-s-pension-funds-take-the-plunge-on-crypto-investing

Well, although I am happy to see some development in some areas with regards to their immersion to cryptocurrencies. I am so a little bit concerned because of the fact that pensions are usually used and reserved for future use; for when people who have worked all their lives retire, and it's generally the funding that they would use to go by in their twilight years. My fear is that if cryptocurrency won't prosper or perhaps stagnate, it would have a big impact on one pensioner's or many for that matters future. I am just hoping that there would be balance between utilizing such funds for investment and the reality that one should take good care of their pension as it would be there sustenance once they stop working.