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.
It’s actually an individual’s choice. You can always invest an amount that you can afford to lose, but I don’t think this is the case here. Retirees are more emotional and could easily burst out once they don’t like what they are seeing and feeling, so as much as possible they should not be exposed in high risk investments as it would trigger their emotional and mental health. I would suggest to never use pension funds in any investment, there’s no guarantee if the money will certainly grow or will eventually lose all the amount.