RE: Legislating the Ledger - Bitcoin Laws Sweep the US States
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I strongly believe many pension funds could benefit from investing in bitcoin. Among the biggest pension funds are the ones for government employees. If states allow the public pension funds to invest in bitcoin, this will lead for private pension funds to consider taking similar steps as well.
I might have to disagree on this. For me, it's too risky to invest pension money on somethong volatile as bitcoin or any crypto for that matter. Despite how promising it is, i feel like its still safe to invest it on something more conservative.
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What about small amounts like 5%? Remaining 95% still would be invested in “safer” assets.
My thinking is pension funds haven’t really retained their value over time, hence don’t really provide the income needed at the retirement.
5% should be okay. Generally, diversifying is great. :)
I see this argument a lot and I find it to be absolutely ridiculous.
That's literally exactly where volatile assets should go.
This is, in fact, the entire premise of HODL culture:
Where the RISK of Bitcoin exponentially declines the longer you hold it.
There is no better place to hold BTC long term than a tax-free retirement account.