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.
I personally don't think investing on any cryptocurrency using a pension fund is a good thing. Pension fund is a type of fund that is used by a senior or a person on an old age primarily for food and for medical expenses, Food and medical expenses is just a necessity to carry on our daily lives and removing it to a person will make life extra hard. In short, the quality of life will degrade and the money that supposed to buy the necessity will just go into an uncertain investment. The rule of thumb is to invest money that you can afford to lose and pension fund is not one of those.