I spoke to a friend about Bitcoin and he asked if it is safe to invest Pension funds in Bitcoin considering the fact that this is a retirement saving. I am skeptical of investing people's funds in this coin because it can't be predicted also we cannot overlook the fact that Bitcoin may enhance investment returns at retirement.
However, my findings from people that work in these organizations say contributor's funds in some categories can be invested in risky investments because of the high return on investment and contributors have the option to opt for this option but with the exception of the soon-to-retiree.
some pension funds may choose to invest a portion of their assets in Bitcoin or other cryptocurrencies as a way to diversify their portfolio and potentially increase returns. But any investment decision should be made with careful consideration.
Even though pension funds have a fiduciary duty to act in the best interests of their beneficiaries, they still have to be Prudent in choice of investment and what size of the Funds they should risk