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.
As you noted, pension funds typically have a fiduciary responsibility to safeguard their contributors' retirement savings and ensure their long-term financial security. This means that pension funds must balance the potential risks and rewards of different investment options, taking into account factors such as volatility, liquidity, and regulatory oversight. Pension funds are often subject to strict investment guidelines and regulations that limit their exposure to risky assets, including cryptocurrencies like Bitcoin.
Therefore, invest within your means and do not let it affect your quality of life.