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.
the price of bitcoin is very volatile, so it must be considered carefully before actually deciding to buy bitcoin with a retirement fund, but one thing is certain, the price of bitcoin will continue to increase over time due to adoption that cannot be avoided.
My advice is for the long term saving, don't store bitcoin purchased at CEX, save them in a personal wallet after that save the password and private key of the bitcoins purchased very safely and only you know where they are stored.
It must also be remembered that the best way to buy bitcoin is with a pension fund, which is to buy it in stages, moreover, pension funds must be received periodically, not all at once.